Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,132 shares of the company’s stock after selling 165 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Datadog were worth $447,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DDOG. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Quarry LP acquired a new position in Datadog in the 3rd quarter valued at about $33,000. Kieckhefer Group LLC purchased a new stake in Datadog during the fourth quarter worth about $43,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DDOG. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald began coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Mizuho boosted their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Loop Capital boosted their price objective on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One equities research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $157.22.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock worth $75,444,584 over the last ninety days. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Down 6.9 %

DDOG opened at $87.93 on Monday. Datadog, Inc. has a 52 week low of $82.71 and a 52 week high of $170.08. The business has a 50 day moving average price of $119.52 and a two-hundred day moving average price of $130.45. The company has a market cap of $30.14 billion, a PE ratio of 172.42, a P/E/G ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 8.28% and a net margin of 6.85%. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.