TrueMark Investments LLC Reduces Stake in Datadog, Inc. (NASDAQ:DDOG)

TrueMark Investments LLC cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 12.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,836 shares of the company’s stock after selling 1,802 shares during the quarter. TrueMark Investments LLC’s holdings in Datadog were worth $1,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quest Partners LLC lifted its position in Datadog by 2,323.9% during the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock valued at $128,000 after purchasing an additional 1,069 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares during the period. Cerity Partners LLC boosted its stake in shares of Datadog by 33.9% in the third quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock worth $4,689,000 after buying an additional 10,318 shares during the last quarter. Swedbank AB grew its holdings in Datadog by 3.2% during the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock worth $12,739,000 after acquiring an additional 3,483 shares during the period. Finally, Larson Financial Group LLC raised its position in Datadog by 3,718.2% during the third quarter. Larson Financial Group LLC now owns 840 shares of the company’s stock valued at $97,000 after acquiring an additional 818 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DDOG. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Truist Financial dropped their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 626,412 shares of company stock worth $79,144,334 in the last ninety days. 11.78% of the stock is owned by insiders.

Datadog Stock Performance

NASDAQ:DDOG opened at $110.58 on Wednesday. The stock has a 50 day moving average price of $125.84 and a 200 day moving average price of $131.03. The stock has a market cap of $37.90 billion, a PE ratio of 216.83, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a one year low of $98.30 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last posted 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 return on equity of 8.28% and a net margin of 6.85%. As a group, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog 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.