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

Roman Butler Fullerton & Co. decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,687 shares of the company’s stock after selling 863 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Datadog were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Datadog by 25.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after purchasing an additional 558 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Datadog in the 1st quarter valued at approximately $2,494,000. Yousif Capital Management LLC grew its stake in shares of Datadog by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock valued at $550,000 after purchasing an additional 310 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Datadog by 11.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after purchasing an additional 14,658 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Datadog by 20.0% in the 1st quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock valued at $1,567,000 after purchasing an additional 1,725 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Up 0.8 %

Datadog stock traded up $0.93 during trading on Thursday, hitting $124.48. The company’s stock had a trading volume of 288,916 shares, compared to its average volume of 4,031,365. The stock has a market capitalization of $41.31 billion, a price-to-earnings ratio of 1,029.58 and a beta of 1.15. The stock’s fifty day moving average is $126.31 and its 200 day moving average is $115.49. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

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

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 70,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.73, for a total value of $8,451,100.00. Following the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at $33,223,809.43. 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. 14.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Citigroup lifted 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. Wolfe Research lifted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their price target on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.52.

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.