Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 81.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,641 shares of the company’s stock after selling 42,606 shares during the quarter. Empowered Funds LLC’s holdings in Datadog were worth $1,378,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted 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 buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter worth $30,000. Avior Wealth Management LLC lifted its stake 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 during the period. Meeder Asset Management Inc. boosted its holdings 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 in the last quarter. Finally, Quarry LP acquired a new position in Datadog during the third quarter worth about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 3.6 %

Shares of DDOG opened at $131.01 on Monday. The company’s fifty day moving average is $145.10 and its two-hundred day moving average is $131.13. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market cap of $44.51 billion, a PE ratio of 247.19, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DDOG shares. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday. Finally, Citigroup cut their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $158.39.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 4,244 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total value of $572,940.00. Following the completion of the transaction, the executive now directly owns 179,367 shares in the company, valued at approximately $24,214,545. This represents a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 627,586 shares of company stock valued at $92,540,479 over the last three months. 11.78% of the stock is owned by company insiders.

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.