Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 28.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,305 shares of the company’s stock after selling 2,118 shares during the period. Creekmur Asset Management LLC’s holdings in Datadog were worth $656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Riverview Trust Co acquired a new position in Datadog during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. acquired a new position in shares of Datadog during the fourth quarter valued at approximately $29,000. Private Trust Co. NA raised its holdings in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Datadog in the fourth quarter worth approximately $33,000. Finally, Quest Partners LLC bought a new position in Datadog during the 4th quarter valued at $36,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

DDOG traded up $1.76 during trading on Wednesday, hitting $116.44. The stock had a trading volume of 3,296,009 shares, compared to its average volume of 4,034,263. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The company has a 50 day simple moving average of $120.89 and a 200-day simple moving average of $123.87. The firm has a market cap of $38.95 billion, a PE ratio of 363.88, a P/E/G ratio of 38.83 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Wednesday, June 26th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. Loop Capital reissued a “buy” rating and set a $160.00 target price on shares of Datadog in a research note on Friday, July 5th. Barclays decreased their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $146.00 price objective on shares of Datadog in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.21.

Insiders Place Their Bets

In related news, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $112.34, for a total transaction of $248,271.40. Following the sale, the director now directly owns 6,451 shares of the company’s stock, valued at $724,705.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $112.34, for a total value of $248,271.40. Following the completion of the transaction, the director now directly owns 6,451 shares in the company, valued at $724,705.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.41, for a total value of $10,739,736.17. Following the completion of the transaction, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $42,294,146.27. The disclosure for this sale can be found here. Insiders have sold 857,606 shares of company stock worth $103,799,779 in the last ninety days. Insiders own 11.78% of the company’s stock.

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.