Neuberger Berman Group LLC Sells 330,440 Shares of Datadog, Inc. (NASDAQ:DDOG)

Neuberger Berman Group LLC reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 747,710 shares of the company’s stock after selling 330,440 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.22% of Datadog worth $106,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC grew its position in shares of Datadog by 55.9% during the 4th 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 period. Quarry LP acquired a new position in shares of Datadog during the 3rd quarter worth about $33,000. Kieckhefer Group LLC bought a new position in shares of Datadog during the 4th quarter valued at about $43,000. Finally, Summit Securities Group LLC bought a new stake in Datadog in the 4th quarter valued at approximately $43,000. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $97.44 on Thursday. The stock’s fifty day moving average price is $114.16 and its two-hundred day moving average price is $129.41. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 191.06, a P/E/G ratio of 44.03 and a beta of 1.20.

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

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at approximately $49,219,013.34. This represents a 16.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on 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 sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 556,672 shares of company stock valued at $63,344,272. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Mizuho boosted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup cut their target price on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Loop Capital upped their price objective on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.67.

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.