Motley Fool Wealth Management LLC Reduces Holdings in Datadog, Inc. (NASDAQ:DDOG)

Motley Fool Wealth Management LLC decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 172,450 shares of the company’s stock after selling 12,677 shares during the period. Datadog accounts for about 1.3% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 20th largest holding. Motley Fool Wealth Management LLC’s holdings in Datadog were worth $24,523,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DDOG. Allworth Financial LP raised its stake in shares of Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after purchasing an additional 75 shares in the last quarter. Spire Wealth Management lifted its position in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after acquiring an additional 80 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% during the 4th 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. Pathstone Holdings LLC grew its stake in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 0.4 %

DDOG opened at $110.58 on Wednesday. The company has a market capitalization of $37.90 billion, a PE ratio of 216.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The firm has a 50-day simple moving average of $125.84 and a two-hundred day simple moving average of $131.03.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CRO Sean Michael Walters sold 8,454 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated 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 owns 195,667 shares of the company’s stock, 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 a total of 626,412 shares of company stock worth $79,144,334 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DDOG shares. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Macquarie reissued an “outperform” rating and issued a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. Jefferies Financial Group lifted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Mizuho upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Cantor Fitzgerald assumed coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $158.70.

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.