Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Datadog, Inc. (NASDAQ:DDOG) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,940 shares of the company’s stock after selling 18,875 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Datadog worth $26,696,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in Datadog in the third quarter valued at about $189,668,000. Alkeon Capital Management LLC acquired a new stake in shares of Datadog in the third quarter valued at about $127,526,000. Vanguard Group Inc. grew its stake in shares of Datadog by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after buying an additional 1,191,742 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Datadog during the 3rd quarter worth approximately $44,939,000. Finally, Eagle Asset Management Inc. boosted its holdings in Datadog by 83.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock worth $97,396,000 after acquiring an additional 486,582 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total value of $3,111,316.20. Following the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $43,858,972.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 626,593 shares of company stock valued at $80,422,044 over the last three months. Company insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DDOG shares. Citigroup lifted their price objective on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Truist Financial boosted their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price target on shares of Datadog in a report on Monday. Finally, Wolfe Research increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Datadog Trading Down 11.5 %

Shares of NASDAQ:DDOG opened at $112.40 on Wednesday. The company has a 50 day moving average of $124.57 and a 200-day moving average of $119.16. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market cap of $37.30 billion, a P/E ratio of 936.67 and a beta of 1.14. Datadog, Inc. has a twelve month low of $75.02 and a twelve month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts anticipate that Datadog, Inc. will post -0.14 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.