Creekmur Asset Management LLC Trims Holdings in Datadog, Inc. (NASDAQ:DDOG)

Creekmur Asset Management LLC decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,185 shares of the company’s stock after selling 808 shares during the period. Creekmur Asset Management LLC’s holdings in Datadog were worth $482,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Datadog by 0.6% during the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after buying an additional 171,693 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after buying an additional 331,808 shares during the period. 1832 Asset Management L.P. boosted its stake in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after buying an additional 138,700 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Datadog by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock valued at $138,518,000 after buying an additional 172,887 shares during the period. Finally, Kodai Capital Management LP bought a new stake in Datadog during the first quarter valued at $116,054,000. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $129.18 on Wednesday. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a market cap of $43.55 billion, a PE ratio of 286.13, a P/E/G ratio of 22.85 and a beta of 1.11. The stock’s 50-day moving average is $118.03 and its 200 day moving average is $119.39.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. Analysts expect that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the subject of several research analyst reports. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Barclays dropped their price target on Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price target on shares of Datadog in a research note on Friday, August 9th. Finally, DA Davidson raised Datadog from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $140.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $142.54.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $40,963,061.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $40,963,061.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $111.66, for a total value of $14,192,544.30. Following the transaction, the chief technology officer now owns 347,684 shares in the company, valued at $38,822,395.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 529,928 shares of company stock worth $63,079,091. Company 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.