Datadog, Inc. (NASDAQ:DDOG) Shares Sold by L & S Advisors Inc

L & S Advisors Inc cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,724 shares of the company’s stock after selling 1,167 shares during the period. L & S Advisors Inc’s holdings in Datadog were worth $1,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC boosted its holdings in Datadog by 50.5% in the third quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock worth $330,000 after acquiring an additional 963 shares in the last quarter. Freedom Investment Management Inc. acquired a new stake in Datadog in the 3rd quarter worth approximately $419,000. Glenmede Trust Co. NA grew its position in Datadog by 4,836.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 91,811 shares of the company’s stock worth $10,564,000 after purchasing an additional 89,951 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Datadog during the 3rd quarter valued at approximately $8,816,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Datadog in the third quarter worth $302,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 3.6 %

NASDAQ:DDOG opened at $101.10 on Friday. The stock has a 50 day moving average of $123.79 and a two-hundred day moving average of $130.80. Datadog, Inc. has a 12 month low of $98.30 and a 12 month high of $170.08. The firm has a market cap of $34.65 billion, a P/E ratio of 198.24, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

DDOG has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Macquarie reiterated an “outperform” rating and issued a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 over the last 90 days. 11.78% of the stock is currently owned by corporate insiders.

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.