Datadog, Inc. (NASDAQ:DDOG) Shares Sold by F M Investments LLC

F M Investments LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,064 shares of the company’s stock after selling 104 shares during the period. Datadog accounts for about 1.5% of F M Investments LLC’s investment portfolio, making the stock its 23rd biggest holding. F M Investments LLC’s holdings in Datadog were worth $2,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after buying an additional 1,191,742 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Datadog by 11.7% during the third quarter. Artisan Partners Limited Partnership now owns 2,330,404 shares of the company’s stock worth $212,276,000 after buying an additional 244,567 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Datadog during the third quarter worth approximately $189,668,000. Northern Trust Corp boosted its position in shares of Datadog by 8.4% during the third quarter. Northern Trust Corp now owns 1,688,422 shares of the company’s stock worth $153,798,000 after buying an additional 131,464 shares during the period. Finally, Alkeon Capital Management LLC acquired a new position in shares of Datadog during the third quarter worth approximately $127,526,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DDOG. Wolfe Research boosted their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price target (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price target on shares of Datadog in a research note on Monday. Citigroup increased their price target on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Needham & Company LLC increased their price target on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $131.70.

Insider Buying and Selling

In related news, insider Madre Armelle De sold 600 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Datadog news, COO Adam Blitzer sold 20,892 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the transaction, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Madre Armelle De sold 600 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 745,984 shares of company stock worth $95,917,681. Corporate insiders own 14.97% of the company’s stock.

Datadog Stock Up 3.6 %

Shares of DDOG traded up $4.37 during mid-day trading on Tuesday, reaching $126.44. The company’s stock had a trading volume of 5,098,173 shares, compared to its average volume of 4,057,318. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. The business has a fifty day moving average of $125.53 and a 200 day moving average of $116.60. The company has a market cap of $41.96 billion, a price-to-earnings ratio of 1,053.67 and a beta of 1.16.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same period last year, the company earned ($0.08) earnings per share. Datadog’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

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.