Heritage Investors Management Corp Trims Stake in Datadog, Inc. (NASDAQ:DDOG)

Heritage Investors Management Corp decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,771 shares of the company’s stock after selling 285 shares during the period. Heritage Investors Management Corp’s holdings in Datadog were worth $1,396,000 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. True Wealth Design LLC grew its holdings in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew its holdings 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 acquiring an additional 81 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP purchased a new position in shares of Datadog during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Friday, February 14th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Stifel Nicolaus downgraded 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 research note on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities upped their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Price Performance

DDOG stock opened at $113.53 on Friday. The company has a market cap of $38.57 billion, a P/E ratio of 222.61, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock’s fifty day moving average price is $139.17 and its 200-day moving average price is $131.71.

Datadog (NASDAQ:DDOG) last released 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%. As a group, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the transaction, the director now owns 435,701 shares in the company, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock worth $82,904,025 in the last ninety days. Insiders own 11.78% of the company’s stock.

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.