Datadog, Inc. $DDOG Stock Position Cut by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 95.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the company’s stock after selling 89,800 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Datadog were worth $1,150,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. EMC Capital Management bought a new position in shares of Datadog during the second quarter worth about $28,000. Cornerstone Financial Management LLC raised its position in Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Datadog by 2,700.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in Datadog in the 3rd quarter valued at approximately $46,000. Finally, Planning Strategies Inc. lifted its stake in Datadog by 529.6% in the 3rd quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock valued at $47,000 after acquiring an additional 143 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO David Obstler sold 10,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the completion of the transaction, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This trade represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 49,961 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $179.52, for a total transaction of $8,968,998.72. Following the completion of the transaction, the chief technology officer directly owned 438,072 shares of the company’s stock, valued at $78,642,685.44. This represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 661,918 shares of company stock worth $150,860,101. 6.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DDOG shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $230.00 price target on shares of Datadog in a research note on Wednesday, November 4th. Wells Fargo & Company cut their price objective on shares of Datadog from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 5th. Sanford C. Bernstein reduced their target price on shares of Datadog from $350.00 to $273.00 and set an “outperform” rating for the company in a report on Thursday, November 5th. BTIG Research decreased their target price on shares of Datadog from $289.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Finally, Stifel Nicolaus set a $245.00 target price on shares of Datadog in a research report on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.43.

Datadog Stock Down 0.2%

NASDAQ DDOG traded down $0.30 during trading hours on Friday, hitting $184.16. 3,347,474 shares of the company traded hands, compared to its average volume of 4,530,704. The business’s 50-day moving average is $243.53 and its 200-day moving average is $201.27. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a market capitalization of $66.49 billion, a price-to-earnings ratio of 259.38, a P/E/G ratio of 11.10 and a beta of 1.50.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Datadog had a return on equity of 7.28% and a net margin of 6.12%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Sell-side analysts anticipate that Datadog, Inc. will post 0.82 earnings per share for the current year.

Datadog Company Profile

Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.