E Fund Management Co. Ltd. Reduces Stake in Datadog, Inc. (NASDAQ:DDOG)

E Fund Management Co. Ltd. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,609 shares of the company’s stock after selling 221 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Datadog were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Benjamin F. Edwards & Company Inc. lifted its position in shares of Datadog by 17.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after buying an additional 97 shares during the last quarter. AM Squared Ltd lifted its position in Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after acquiring an additional 100 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after acquiring an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Datadog by 5.3% during the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after purchasing an additional 110 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Datadog by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock valued at $1,039,000 after purchasing an additional 146 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DDOG shares. Mizuho raised their price target on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. Truist Financial raised their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 target price on shares of Datadog in a report on Monday. Finally, Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Datadog in a report on Monday. Four analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.58.

Datadog Price Performance

DDOG traded up $4.88 during trading on Wednesday, reaching $117.28. 8,312,567 shares of the stock were exchanged, compared to its average volume of 4,288,102. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 977.33 and a beta of 1.14. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The business’s 50 day moving average price is $124.57 and its two-hundred day moving average price is $119.16.

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

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $130.06, for a total transaction of $2,500,533.56. Following the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,897,694.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 19,226 shares of Datadog stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $130.06, for a total transaction of $2,500,533.56. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,897,694.50. The disclosure for this sale can be found here. Insiders sold a total of 712,230 shares of company stock valued at $91,161,780 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Company 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.