Natixis Advisors LLC Cuts Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

by · The Cerbat Gem

Natixis Advisors LLC decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 22.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,512 shares of the company’s stock after selling 18,481 shares during the period. Natixis Advisors LLC’s holdings in Datadog were worth $6,400,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Emerald Advisers LLC boosted its position in Datadog by 1.1% in the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company’s stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership boosted its position in Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company’s stock worth $92,000 after purchasing an additional 99 shares during the last quarter. SageView Advisory Group LLC boosted its position in Datadog by 4.9% in the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company’s stock worth $311,000 after purchasing an additional 101 shares during the last quarter. State of Wyoming boosted its position in Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company’s stock worth $468,000 after purchasing an additional 117 shares during the last quarter. Finally, Forum Financial Management LP boosted its position in Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company’s stock worth $202,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 35,016 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $117.40, for a total transaction of $4,110,878.40. Following the transaction, the chief financial officer directly owned 399,270 shares in the company, valued at $46,874,298. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $121.71, for a total value of $13,067,394.15. Following the transaction, the chief executive officer owned 548,715 shares in the company, valued at approximately $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 794,450 shares of company stock valued at $100,732,467 in the last 90 days. 8.70% of the stock is owned by insiders.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $132.94 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $45.91 billion, a P/E ratio of 289.01, a P/E/G ratio of 76.51 and a beta of 1.02. The stock’s 50-day simple moving average is $134.10 and its two-hundred day simple moving average is $120.85. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue was up 24.6% on a year-over-year basis. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Guggenheim reaffirmed a “sell” rating and set a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. UBS Group upped their price target on Datadog from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Needham & Company LLC set a $140.00 price target on Datadog and gave the company a “buy” rating in a research report on Thursday, June 12th. Rosenblatt Securities dropped their price target on Datadog from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Finally, Cantor Fitzgerald upped their price target on Datadog from $134.00 to $171.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.86.

Check Out Our Latest Stock Report on Datadog

Datadog Company Profile

(Free Report)

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.

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