Synergy Financial Group LTD Sells 1,130 Shares of Datadog, Inc. (NASDAQ:DDOG)

Synergy Financial Group LTD lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 14.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,554 shares of the company’s stock after selling 1,130 shares during the period. Synergy Financial Group LTD’s holdings in Datadog were worth $937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DDOG. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. increased its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new position in Datadog in the 3rd quarter valued at about $33,000. 78.29% of the stock is owned by institutional investors.

Insider Activity at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Down 1.8 %

DDOG stock opened at $117.51 on Tuesday. The firm has a 50-day simple moving average of $141.41 and a 200-day simple moving average of $131.95. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market capitalization of $39.92 billion, a P/E ratio of 230.42, a P/E/G ratio of 44.03 and a beta of 1.15.

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

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Barclays dropped their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Robert W. Baird raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Cantor Fitzgerald began coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

About Datadog

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.