Financial Counselors Inc. Has $5.58 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Financial Counselors Inc. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,059 shares of the company’s stock after selling 586 shares during the quarter. Financial Counselors Inc.’s holdings in Datadog were worth $5,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC increased its position in Datadog by 2,323.9% during the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock worth $128,000 after acquiring an additional 1,069 shares during the period. Cerity Partners LLC increased its holdings in shares of Datadog by 33.9% during the 3rd quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock worth $4,689,000 after purchasing an additional 10,318 shares during the period. Swedbank AB raised its position in shares of Datadog by 3.2% during the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock valued at $12,739,000 after buying an additional 3,483 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Datadog by 3,718.2% in the third quarter. Larson Financial Group LLC now owns 840 shares of the company’s stock valued at $97,000 after buying an additional 818 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Datadog during the third quarter worth about $780,000. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction on Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 601,412 shares of company stock valued at $75,444,584. 11.78% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of Datadog stock opened at $107.97 on Thursday. The firm has a 50 day simple moving average of $125.18 and a 200 day simple moving average of $130.87. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The firm has a market cap of $37.01 billion, a P/E ratio of 211.71, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released 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, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DDOG. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. Barclays reduced their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus price target 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.