Edmond DE Rothschild Holding S.A. Sells 282,089 Shares of Datadog, Inc. (NASDAQ:DDOG)

Edmond DE Rothschild Holding S.A. lessened its holdings in Datadog, Inc. (NASDAQ:DDOG) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,680 shares of the company’s stock after selling 282,089 shares during the quarter. Datadog accounts for approximately 0.8% of Edmond DE Rothschild Holding S.A.’s investment portfolio, making the stock its 29th biggest position. Edmond DE Rothschild Holding S.A. owned about 0.09% of Datadog worth $44,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. True Wealth Design LLC grew its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC increased its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Quarry LP bought a new position in Datadog in the 3rd quarter valued at approximately $33,000. Finally, Kieckhefer Group LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $43,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The stock was 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 in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by company insiders.

Datadog Stock Down 3.6 %

Shares of DDOG opened at $101.10 on Monday. The business’s fifty day moving average is $123.79 and its 200 day moving average is $130.95. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The stock has a market cap of $34.65 billion, a P/E ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DDOG shares. Rosenblatt Securities increased their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Macquarie reaffirmed an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Loop Capital increased their price objective on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Citigroup cut their target price on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.