Savant Capital LLC Trims Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Savant Capital LLC decreased its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,671 shares of the company’s stock after selling 1,152 shares during the quarter. Savant Capital LLC’s holdings in Datadog were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. Kingsview Wealth Management LLC boosted its stake in shares of Datadog by 1.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,530 shares of the company’s stock worth $1,648,000 after acquiring an additional 117 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Datadog during the fourth quarter worth approximately $765,000. Ameliora Wealth Management Ltd. acquired a new stake in Datadog in the fourth quarter valued at approximately $168,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Datadog by 79.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,114 shares of the company’s stock valued at $9,018,000 after buying an additional 27,890 shares in the last quarter. Finally, YANKCOM Partnership acquired a new position in shares of Datadog during the 4th quarter worth approximately $118,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of DDOG opened at $131.01 on Friday. The firm has a 50-day simple moving average of $145.85 and a two-hundred day simple moving average of $130.93. The stock has a market cap of $44.51 billion, a PE ratio of 247.19, a P/E/G ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

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

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at $42,709,780.10. This represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 627,586 shares of company stock valued at $92,540,479. Corporate insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Scotiabank cut their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Barclays decreased their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday. Macquarie reiterated an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday. Finally, Sanford C. Bernstein decreased their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.39.

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.