Los Angeles Capital Management LLC Decreases Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Los Angeles Capital Management LLC reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 78.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,389 shares of the company’s stock after selling 30,452 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Datadog were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DDOG. True Wealth Design LLC increased its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP bought a new stake in Datadog during the 3rd quarter valued at $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Finally, Robert W. Baird boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Trading Up 2.7 %

Shares of Datadog stock opened at $116.57 on Friday. The firm has a market capitalization of $39.60 billion, a PE ratio of 228.57, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. The business’s 50-day moving average price is $138.51 and its 200-day moving average price is $131.86. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 556,674 shares of company stock worth $82,904,025. Company insiders own 11.78% of the company’s stock.

Datadog Profile

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.