Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lessened its stake in Datadog, Inc. (NASDAQ:DDOG) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,786 shares of the company’s stock after selling 320 shares during the period. Roman Butler Fullerton & Co.’s holdings in Datadog were worth $1,249,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% in the 4th 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 last quarter. Meeder Asset Management Inc. increased its holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 3.6 %

Shares of Datadog stock opened at $131.01 on Friday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The company’s 50-day simple moving average is $145.85 and its 200-day simple moving average is $130.93. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 247.19, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. Equities research analysts anticipate that Datadog, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Scotiabank dropped their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital boosted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Finally, Rosenblatt Securities boosted their price target on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 4,244 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total value of $572,940.00. Following the sale, the executive now owns 179,367 shares of the company’s stock, valued at $24,214,545. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 627,586 shares of company stock worth $92,540,479. 11.78% of the stock is owned by company insiders.

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.