Wealth Alliance trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 16.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,570 shares of the company’s stock after selling 303 shares during the quarter. Wealth Alliance’s holdings in Datadog were worth $204,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DDOG. Riverview Trust Co bought a new position in shares of Datadog during the first quarter worth $26,000. SouthState Corp bought a new position in shares of Datadog during the 2nd quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new position in shares of Datadog during the fourth quarter valued at about $29,000. Jones Financial Companies Lllp bought a new stake in shares of Datadog in the fourth quarter worth about $33,000. Finally, Quest Partners LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $36,000. 78.29% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CRO Sean Michael Walters sold 2,351 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $125.00, for a total transaction of $293,875.00. Following the transaction, the executive now directly owns 197,421 shares in the company, valued at $24,677,625. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CRO Sean Michael Walters sold 2,351 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $125.00, for a total value of $293,875.00. Following the completion of the transaction, the executive now owns 197,421 shares of the company’s stock, valued at $24,677,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Kerry Acocella sold 5,955 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $120.09, for a total value of $715,135.95. Following the sale, the general counsel now directly owns 85,787 shares in the company, valued at approximately $10,302,160.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,997 shares of company stock worth $68,517,631. 11.78% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Datadog
Datadog Stock Down 0.7 %
DDOG opened at $114.76 on Friday. The stock’s fifty day moving average is $114.64 and its two-hundred day moving average is $119.62. The company has a market capitalization of $38.39 billion, a P/E ratio of 358.63, a PEG ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61.
Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. Equities analysts anticipate that Datadog, Inc. will post 0.41 earnings per share for the current year.
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.
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