Datadog, Inc. (NASDAQ:DDOG) Stock Position Lifted by CNB Bank

CNB Bank lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,898 shares of the company’s stock after purchasing an additional 161 shares during the quarter. CNB Bank’s holdings in Datadog were worth $352,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. AM Squared Ltd boosted its stake in Datadog by 25.0% during the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Datadog by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after purchasing an additional 110 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Datadog by 8.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,594 shares of the company’s stock valued at $145,000 after purchasing an additional 127 shares during the period. Yousif Capital Management LLC boosted its position in shares of Datadog by 4.9% in the 3rd quarter. Yousif Capital Management LLC now owns 3,083 shares of the company’s stock valued at $281,000 after purchasing an additional 145 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of Datadog by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock valued at $1,039,000 after purchasing an additional 146 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, insider Madre Armelle De sold 600 shares of Datadog stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the sale, the insider now owns 100,353 shares in the company, valued at $12,578,245.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Adam Blitzer sold 20,892 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the sale, the chief operating officer now owns 203,503 shares in the company, valued at approximately $26,166,415.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Madre Armelle De sold 600 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the completion of the sale, the insider now owns 100,353 shares in the company, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,984 shares of company stock worth $95,917,681. Insiders own 14.97% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $4.93 during trading on Friday, reaching $120.09. The stock had a trading volume of 3,627,985 shares, compared to its average volume of 2,512,027. The stock has a fifty day simple moving average of $125.89 and a two-hundred day simple moving average of $115.75. The firm has a market capitalization of $39.85 billion, a price-to-earnings ratio of 1,000.75 and a beta of 1.15. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 52 week low of $62.60 and a 52 week high of $138.61.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Needham & Company LLC increased their price target on shares of Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price target on shares of Datadog in a research report on Friday, February 23rd. Royal Bank of Canada increased their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Wednesday. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $130.52.

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.