Summit Trail Advisors LLC Decreases Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Summit Trail Advisors LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,462 shares of the company’s stock after selling 5,146 shares during the quarter. Summit Trail Advisors LLC’s holdings in Datadog were worth $17,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new stake in shares of Datadog in the 1st quarter worth approximately $26,000. SouthState Corp bought a new position in shares of Datadog in the second quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Datadog during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp purchased a new stake in Datadog during the 4th quarter valued at $33,000. Finally, Quest Partners LLC purchased a new position in Datadog in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In related news, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total transaction of $218,625.00. Following the transaction, the insider now owns 92,025 shares of the company’s stock, valued at $11,503,125. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, General Counsel Kerry Acocella sold 1,846 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $120.28, for a total transaction of $222,036.88. Following the sale, the general counsel now owns 80,084 shares in the company, valued at $9,632,503.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Madre Armelle De sold 1,749 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total transaction of $218,625.00. Following the transaction, the insider now owns 92,025 shares in the company, valued at $11,503,125. The disclosure for this sale can be found here. Over the last quarter, insiders sold 561,997 shares of company stock worth $68,517,631. 11.78% of the stock is owned by insiders.

Datadog Trading Down 0.7 %

Datadog stock opened at $114.76 on Friday. The stock’s fifty day simple moving average is $114.64 and its 200-day simple moving average is $119.62. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The firm has a market capitalization of $38.39 billion, a P/E ratio of 358.63, a P/E/G ratio of 27.84 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, topping 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 business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the company earned $0.36 EPS. The business’s quarterly revenue was up 26.7% on a year-over-year basis. Sell-side analysts predict that Datadog, Inc. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DDOG shares. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.00 to $155.00 in a report on Thursday, May 30th. Loop Capital reissued a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of Datadog in a report on Friday, August 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.88.

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.