Savant Capital LLC Sells 1,152 Shares of Datadog, Inc. (NASDAQ:DDOG)

Savant Capital LLC cut its holdings in Datadog, Inc. (NASDAQ:DDOG) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,671 shares of the company’s stock after selling 1,152 shares during the period. Savant Capital LLC’s holdings in Datadog were worth $1,096,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. True Wealth Design LLC raised its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP bought a new position in Datadog during the third quarter valued at $33,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Price Performance

Datadog stock opened at $131.01 on Friday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business has a fifty day moving average price of $145.85 and a 200-day moving average price of $130.93. The stock has a market capitalization of $44.51 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. On average, equities research analysts anticipate that Datadog, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Obstler sold 33,334 shares of Datadog stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total value of $4,531,757.30. Following the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 627,586 shares of company stock worth $92,540,479. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DDOG. Citigroup dropped their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Truist Financial decreased their price target on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday. Robert W. Baird upped their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Sanford C. Bernstein decreased their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.39.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.