Independent Advisor Alliance Cuts Position in Datadog, Inc. (NASDAQ:DDOG)

Independent Advisor Alliance decreased its position in shares of Datadog, Inc. (NASDAQ:DDOGGet Rating) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,462 shares of the company’s stock after selling 91 shares during the period. Independent Advisor Alliance’s holdings in Datadog were worth $979,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DDOG. Yousif Capital Management LLC purchased a new position in shares of Datadog during the fourth quarter worth approximately $592,000. CWM LLC purchased a new position in Datadog in the 4th quarter worth $488,000. Robeco Institutional Asset Management B.V. lifted its stake in Datadog by 28.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 55,617 shares of the company’s stock worth $9,907,000 after purchasing an additional 12,352 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Datadog by 24.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 45,177 shares of the company’s stock valued at $8,046,000 after buying an additional 9,007 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Datadog by 51.4% in the fourth quarter. Quadrant Capital Group LLC now owns 533 shares of the company’s stock worth $95,000 after buying an additional 181 shares during the period. Hedge funds and other institutional investors own 65.17% of the company’s stock.

Insider Transactions at Datadog

In related news, COO Adam Blitzer sold 25,416 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total transaction of $2,598,023.52. Following the completion of the transaction, the chief operating officer now owns 216,510 shares of the company’s stock, valued at approximately $22,131,652.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Datadog news, General Counsel Kerry Acocella sold 1,950 shares of Datadog stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $100.00, for a total value of $195,000.00. Following the completion of the transaction, the general counsel now directly owns 49,007 shares of the company’s stock, valued at $4,900,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Adam Blitzer sold 25,416 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total transaction of $2,598,023.52. Following the completion of the transaction, the chief operating officer now owns 216,510 shares in the company, valued at approximately $22,131,652.20. The disclosure for this sale can be found here. Insiders have sold a total of 120,207 shares of company stock valued at $12,158,942 in the last ninety days. 15.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DDOG shares. The Goldman Sachs Group dropped their target price on Datadog from $250.00 to $223.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Truist Financial decreased their target price on shares of Datadog from $200.00 to $170.00 in a research note on Friday, May 6th. Morgan Stanley dropped their price target on shares of Datadog from $159.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Canaccord Genuity Group started coverage on shares of Datadog in a research report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price objective on the stock. Finally, KeyCorp dropped their target price on shares of Datadog from $160.00 to $132.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.05.

Datadog Stock Performance

Shares of DDOG stock opened at $110.49 on Friday. The company’s fifty day moving average price is $98.51 and its 200-day moving average price is $121.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. Datadog, Inc. has a 12 month low of $81.12 and a 12 month high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $406.14 million during the quarter, compared to analysts’ expectations of $381.28 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. Datadog’s revenue was up 73.9% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. Equities analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Datadog Profile

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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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