Future Fund LLC Sells 4,800 Shares of Datadog, Inc. (NASDAQ:DDOG)

Future Fund LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 51.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,458 shares of the company’s stock after selling 4,800 shares during the period. Datadog comprises 1.8% of Future Fund LLC’s portfolio, making the stock its 28th largest position. Future Fund LLC’s holdings in Datadog were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares during the last quarter. Spire Wealth Management increased its position in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares in the last quarter. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during the fourth 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. Pathstone Holdings LLC boosted its holdings in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after acquiring an additional 94 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. The trade was a 23.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 410,630 shares of company stock worth $57,719,574 over the last three months. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Performance

NASDAQ:DDOG opened at $109.63 on Monday. The stock has a 50-day simple moving average of $135.05 and a two-hundred day simple moving average of $131.86. The firm has a market capitalization of $37.58 billion, a PE ratio of 214.96, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent analyst reports. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald began coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price for the company. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and cut their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Wells Fargo & Company lowered 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, February 13th. Finally, JMP Securities reiterated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.70.

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.