Financial Futures Ltd Liability Co. Has $2.39 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Financial Futures Ltd Liability Co. cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,748 shares of the company’s stock after selling 600 shares during the period. Datadog comprises approximately 1.4% of Financial Futures Ltd Liability Co.’s investment portfolio, making the stock its 23rd largest holding. Financial Futures Ltd Liability Co.’s holdings in Datadog were worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new stake in shares of Datadog during the 2nd quarter valued at $26,000. Blue Trust Inc. purchased a new stake in Datadog during the second quarter worth about $37,000. EverSource Wealth Advisors LLC raised its position in 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 acquiring an additional 127 shares during the period. American National Bank & Trust purchased a new position in Datadog in the third quarter valued at about $39,000. Finally, Versant Capital Management Inc grew its position in shares of Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock valued at $40,000 after acquiring an additional 210 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Datadog

In related news, General Counsel Kerry Acocella sold 2,452 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.06, for a total value of $294,387.12. Following the sale, the general counsel now directly owns 74,421 shares of the company’s stock, valued at $8,934,985.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Shardul Shah sold 15,832 shares of Datadog stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the transaction, the director now directly owns 459,449 shares of the company’s stock, valued at $55,143,068.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,452 shares of Datadog stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the transaction, the general counsel now owns 74,421 shares of the company’s stock, valued at $8,934,985.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 529,928 shares of company stock worth $63,079,091. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Down 0.2 %

Shares of DDOG traded down $0.26 during trading hours on Monday, hitting $126.34. The company had a trading volume of 571,668 shares, compared to its average volume of 3,757,550. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The stock’s 50 day moving average price is $117.59 and its 200 day moving average price is $119.41. The firm has a market cap of $42.26 billion, a P/E ratio of 395.63, a P/E/G ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data 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 previous year, the company posted $0.36 earnings per share. The business’s revenue was up 26.7% on a year-over-year basis. On average, research analysts expect that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of several research analyst reports. Barclays dropped their price objective on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and upped their price target for the company from $135.00 to $155.00 in a research report on Tuesday, July 16th. Loop Capital reissued a “buy” rating and issued a $160.00 price objective on shares of Datadog in a report on Friday, July 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. Finally, Evercore ISI began coverage on shares of Datadog in a research note on Monday, July 15th. They issued an “outperform” rating and a $150.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.54.

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.