Roman Butler Fullerton & Co. Cuts Stake in Datadog, Inc. (NASDAQ:DDOG)

Roman Butler Fullerton & Co. trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,687 shares of the company’s stock after selling 863 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Datadog were worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in Datadog during the 3rd quarter valued at about $189,668,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Datadog during the 3rd quarter valued at about $270,000. Mengis Capital Management Inc. purchased a new stake in shares of Datadog during the 3rd quarter valued at about $409,000. Bank of New York Mellon Corp boosted its holdings in shares of Datadog by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock valued at $125,571,000 after acquiring an additional 33,748 shares during the last quarter. Finally, Cercano Management LLC boosted its holdings in shares of Datadog by 40.4% in the third quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock worth $28,198,000 after buying an additional 89,019 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total value of $8,451,100.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at $33,223,809.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total value of $8,451,100.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at $33,223,809.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the transaction, the chief technology officer now owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 745,984 shares of company stock worth $95,917,681. 14.97% of the stock is owned by corporate insiders.

Datadog Stock Up 0.8 %

Shares of DDOG stock traded up $0.93 on Thursday, hitting $124.48. The stock had a trading volume of 288,916 shares, compared to its average volume of 4,031,365. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $126.31 and a 200 day moving average price of $115.49. The company has a market cap of $41.31 billion, a PE ratio of 1,029.58 and a beta of 1.15. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.08) earnings per share. Research analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a report on Wednesday. Mizuho raised their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their target price on shares of Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Robert W. Baird raised their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.52.

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.