Datadog, Inc. (NASDAQ:DDOG) Stake Reduced by Values First Advisors Inc.

Values First Advisors Inc. reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,704 shares of the company’s stock after selling 2,734 shares during the quarter. Values First Advisors Inc.’s holdings in Datadog were worth $886,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Datadog in the first quarter worth $26,000. SouthState Corp bought a new position in shares of Datadog in the second quarter worth $26,000. Blue Trust Inc. bought a new position in shares of Datadog in the second quarter worth $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Datadog by 70.2% in the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of Datadog in the third quarter worth $39,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Loop Capital reaffirmed a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Friday, July 5th. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Sanford C. Bernstein reduced their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday. BNP Paribas assumed coverage on Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Barclays reduced their target price on Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $142.43.

Datadog Stock Up 2.0 %

Shares of NASDAQ:DDOG opened at $123.89 on Friday. The business has a 50 day moving average price of $117.21 and a 200 day moving average price of $119.46. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a market cap of $41.44 billion, a price-to-earnings ratio of 387.16, a PEG ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. Analysts anticipate that Datadog, Inc. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now owns 183,512 shares in the company, valued at approximately $22,939,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the sale, the director now owns 451,533 shares in the company, valued at $57,195,685.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the sale, the executive now directly owns 183,512 shares of the company’s stock, valued at approximately $22,939,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 529,928 shares of company stock worth $63,079,091. 11.78% of the stock is currently owned by company insiders.

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.