American Financial Advisors LLC Reduces Holdings in Datadog, Inc. (NASDAQ:DDOG)

American Financial Advisors LLC reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 39.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,526 shares of the company’s stock after selling 974 shares during the period. American Financial Advisors LLC’s holdings in Datadog were worth $218,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the third quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. DA Davidson upped their price objective on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Friday. Finally, Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $152.00 to $140.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $158.39.

Datadog Trading Down 3.6 %

Datadog stock opened at $131.01 on Friday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15. The company’s 50-day moving average price is $145.10 and its two-hundred day moving average price is $131.02.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. Research analysts expect that Datadog, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David M. Obstler sold 33,334 shares of Datadog stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at $42,709,780.10. The trade was a 9.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 627,586 shares of company stock worth $92,540,479. 11.78% of the stock is owned by company insiders.

About Datadog

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.