Umpqua Bank Sells 114 Shares of Datadog, Inc. (NASDAQ:DDOG)

Umpqua Bank reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,931 shares of the company’s stock after selling 114 shares during the period. Umpqua Bank’s holdings in Datadog were worth $1,382,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC raised 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 worth $32,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of 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 acquiring an additional 115 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Datadog in the third quarter worth about $33,000. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 1.8 %

NASDAQ DDOG opened at $105.03 on Friday. The firm’s fifty day moving average price is $126.97 and its two-hundred day moving average price is $130.72. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The firm has a market capitalization of $36.00 billion, a P/E ratio of 205.95, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

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 the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares in the company, valued at $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock worth $79,144,334 over the last ninety days. Insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DDOG. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Barclays decreased their price objective on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Macquarie restated an “outperform” rating and set a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. Mizuho boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.