Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lessened its position in Datadog, Inc. (NASDAQ:DDOG) by 36.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475,820 shares of the company’s stock after selling 271,890 shares during the period. Neuberger Berman Group LLC owned approximately 0.14% of Datadog worth $47,206,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Emerald Advisers LLC increased its holdings in shares of Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company’s stock worth $923,000 after acquiring an additional 97 shares during the period. YANKCOM Partnership increased its holdings in shares of Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company’s stock worth $92,000 after acquiring an additional 99 shares during the period. SageView Advisory Group LLC increased its holdings in shares of Datadog by 4.9% in the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company’s stock worth $311,000 after acquiring an additional 101 shares during the period. Covestor Ltd increased its holdings in shares of Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company’s stock worth $138,000 after acquiring an additional 113 shares during the period. Finally, State of Wyoming increased its holdings in shares of Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company’s stock worth $468,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $128.71 on Thursday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a 50-day moving average of $135.79 and a two-hundred day moving average of $120.65. The stock has a market cap of $44.45 billion, a price-to-earnings ratio of 367.75, a PEG ratio of 61.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 2.74.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. On average, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC set a $140.00 price objective on shares of Datadog and gave the stock a “buy” rating in a report on Thursday, June 12th. Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Thursday, June 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $119.00 target price on shares of Datadog in a research note on Wednesday, May 7th. Monness Crespi & Hardt raised their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Macquarie lowered their target price on shares of Datadog from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.72.

Insider Buying and Selling at Datadog

In related news, Director Shardul Shah sold 7,924 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the sale, the director directly owned 380,281 shares in the company, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Titilope Cole sold 2,210 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $136.59, for a total transaction of $301,863.90. Following the sale, the director owned 6,347 shares of the company’s stock, valued at approximately $866,936.73. This represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 846,051 shares of company stock valued at $107,936,283 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Datadog Company 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.