Leonteq Securities AG lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,841 shares of the company’s stock after selling 3,038 shares during the quarter. Leonteq Securities AG’s holdings in Datadog were worth $690,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DDOG. JPL Wealth Management LLC purchased a new stake in Datadog in the 3rd quarter worth about $27,000. CoreCap Advisors LLC grew its stake in Datadog by 1,461.5% during the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Datadog in the fourth quarter worth $31,000. NBC Securities Inc. increased its stake in Datadog by 242.6% in the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after acquiring an additional 165 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
Datadog Price Performance
NASDAQ DDOG opened at $260.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The stock has a 50-day moving average of $213.66 and a 200 day moving average of $156.00. Datadog, Inc. has a one year low of $98.01 and a one year high of $278.70. The company has a market capitalization of $92.68 billion, a price-to-earnings ratio of 685.18, a PEG ratio of 26.47 and a beta of 1.54.
Insider Buying and Selling
In other Datadog news, Director Michael James Callahan sold 112,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the completion of the sale, the director owned 14,996 shares in the company, valued at $3,473,073.60. This represents a 88.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 120,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director directly owned 39,235 shares of the company’s stock, valued at $9,760,883.30. This represents a 75.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,467,864 shares of company stock valued at $311,427,105 in the last 90 days. 6.48% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms recently commented on DDOG. Jefferies Financial Group raised Datadog from a “buy” rating to a “buy” rating in a research note on Monday, June 15th. Rothschild & Co Redburn started coverage on shares of Datadog in a research report on Thursday, April 23rd. They set a “buy” rating and a $170.00 price target for the company. Citigroup lifted their price objective on Datadog from $218.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Wedbush assumed coverage on shares of Datadog in a research note on Monday, June 15th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus set a $305.00 price objective on Datadog in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.68.
View Our Latest Analysis on Datadog
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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