Leonteq Securities AG lowered its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,841 shares of the company’s stock after selling 3,038 shares during the quarter. Leonteq Securities AG’s holdings in Datadog were worth $690,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Elevation Point Wealth Partners LLC grew its stake in shares of Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after buying an additional 55 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after purchasing an additional 73 shares during the period. Vivaldi Capital Management LP lifted its position in shares of Datadog by 2.8% in the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Datadog by 2.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after buying an additional 78 shares in the last quarter. Finally, Roberts Wealth Advisors LLC lifted its holdings in shares of Datadog by 0.6% during the 4th quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock valued at $1,909,000 after purchasing an additional 81 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
Datadog Price Performance
Datadog stock opened at $260.36 on Friday. The firm has a 50 day moving average price of $213.66 and a 200 day moving average price of $156.00. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $92.68 billion, a PE ratio of 685.18, a price-to-earnings-growth ratio of 26.47 and a beta of 1.54.
Insider Buying and Selling at Datadog
In other news, Director Michael James Callahan sold 12,500 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $247.47, for a total value of $3,093,375.00. Following the sale, the director directly owned 14,996 shares in the company, valued at approximately $3,711,060.12. This trade represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 43,224 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $220.97, for a total value of $9,551,207.28. Following the completion of the sale, the chief technology officer directly owned 509,805 shares in the company, valued at $112,651,610.85. This represents a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,467,864 shares of company stock valued at $311,427,105. Insiders own 6.48% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on DDOG. Canadian Imperial Bank of Commerce upped their price target on shares of Datadog from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Robert W. Baird set a $210.00 target price on Datadog in a research report on Friday, May 8th. Rosenblatt Securities lifted their price objective on Datadog from $178.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Arete Research upped their target price on shares of Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Citizens Jmp raised Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price target for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $243.68.
Read Our Latest Stock Report on Datadog
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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