Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 17.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,328 shares of the company’s stock after selling 508 shares during the period. Insigneo Advisory Services LLC’s holdings in Datadog were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Datadog during the fourth quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $43,000. Finally, Friedenthal Financial acquired a new stake in shares of Datadog in the fourth quarter valued at about $54,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DDOG. DA Davidson reduced their price target on Datadog from $165.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price target (down from $150.00) on shares of Datadog in a report on Monday, April 7th. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Finally, Morgan Stanley decreased their price objective on shares of Datadog from $143.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.37.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. This represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 548,756 shares of company stock worth $62,219,250 in the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.9 %

NASDAQ:DDOG opened at $91.06 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market capitalization of $31.21 billion, a PE ratio of 178.54, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The stock has a 50 day moving average of $106.75 and a 200-day moving average of $128.19.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results 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 net margin of 6.85% and a return on equity of 8.28%. As a group, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog Company 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.