Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 17.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,511 shares of the company’s stock after selling 319 shares during the quarter. Mount Lucas Management LP’s holdings in Datadog were worth $216,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC boosted its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Meeder Asset Management Inc. lifted its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog in the third quarter worth about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Citigroup reduced their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Loop Capital upped their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Trading Down 7.3 %

DDOG stock opened at $101.65 on Tuesday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a market capitalization of $34.84 billion, a PE ratio of 199.32, a P/E/G ratio of 44.03 and a beta of 1.22. The firm has a 50-day moving average of $134.20 and a two-hundred day moving average of $131.77.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total value of $2,955,612.98. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $58,370,204.89. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 410,630 shares of company stock valued at $57,719,574 over the last three months. 11.78% of the stock is owned by corporate insiders.

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.