Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,100 shares of the company’s stock after selling 200 shares during the period. Datadog accounts for approximately 1.3% of Zweig DiMenna Associates LLC’s holdings, making the stock its 29th biggest position. Zweig DiMenna Associates LLC’s holdings in Datadog were worth $12,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of Datadog during the first quarter valued at approximately $26,000. SouthState Corp bought a new stake in shares of Datadog in the 2nd quarter worth approximately $26,000. Blue Trust Inc. acquired a new position in Datadog during the 2nd quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after buying an additional 127 shares during the last quarter. Finally, American National Bank & Trust acquired a new stake in Datadog in the third quarter worth $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

DDOG stock opened at $123.89 on Friday. The company’s 50 day simple moving average is $117.21 and its 200-day simple moving average is $119.46. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The firm has a market capitalization of $41.44 billion, a P/E ratio of 387.16, a P/E/G ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. Sell-side analysts predict that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the transaction, the executive now owns 183,512 shares of the company’s stock, valued at $22,939,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Datadog news, CFO David M. Obstler sold 33,333 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $130.39, for a total value of $4,346,289.87. Following the completion of the sale, the chief financial officer now owns 314,158 shares in the company, valued at $40,963,061.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00. Following the transaction, the executive now owns 183,512 shares in the company, valued at approximately $22,939,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 529,928 shares of company stock worth $63,079,091. 11.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DDOG shares. Scotiabank lowered their price target on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. BMO Capital Markets decreased their target price on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research note on Monday, July 22nd. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Finally, UBS Group restated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.43.

Datadog Company 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.