Mount Yale Investment Advisors LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG – Get Rating ) by 43.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,793 shares of the company’s stock after selling 2,109 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Datadog were worth $248,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Datadog by 29.5% during the second quarter. Quadrant Capital Group LLC now owns 895 shares of the company’s stock valued at $85,000 after purchasing an additional 204 shares during the period. Aviva PLC boosted its holdings in Datadog by 92.2% during the second quarter. Aviva PLC now owns 148,390 shares of the company’s stock valued at $14,133,000 after purchasing an additional 71,202 shares during the period. Alta Advisers Ltd bought a new stake in Datadog in the third quarter worth about $80,000. US Bancorp DE raised its holdings in Datadog by 45.7% in the second quarter. US Bancorp DE now owns 15,890 shares of the company’s stock valued at $1,513,000 after purchasing an additional 4,986 shares during the period. Finally, M&G Investment Management Ltd. boosted its holdings in Datadog by 5.3% in the second quarter. M&G Investment Management Ltd. now owns 9,874 shares of the company’s stock valued at $938,000 after buying an additional 501 shares during the period. 70.93% of the shares are currently owned by hedge funds and other institutional investors.
Datadog Trading up 1.6%
DDOG opened at $77.23 on Monday. The company has a debt-to-equity ratio of 0.57, a quick earnings ratio of 3.23, and a current ratio of 3.23. Datadog, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $184.70. The firm’s fifty day moving average is $72.75 and its 200 day moving average is $85.91.
Datadog (NASDAQ:DDOG – Get Rating ) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $436.53 million for the quarter, compared to analysts’ expectations of $412.15 million. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. Analysts predict that Datadog, Inc. will post -0.1 EPS for the current fiscal year.
Changes in analyst ratings
DDOG has been the subject of several recent research reports. Canaccord Genuity Group raised shares of Datadog from a “hold” rating to a “buy” rating and decreased their target price for the company from $120.00 to $110.00 in a report on Thursday, October 20th. Oppenheimer raised shares of Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday, December 14th. KeyCorp upped their target price on shares of Datadog from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Morgan Stanley reduced their target price on shares of Datadog from $124.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Finally, Barclays reduced their target price on shares of Datadog from $98.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.32, based on data from MarketBeat.
Datadog insider trading
In related news, insider Alexis Le-Quoc sold 71,364 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the transaction, the insider now directly owns 179,370 shares in the company, valued at approximately $12,471,596.10. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. In related news, Director Matthew Jacobson bought 710,429 shares of the company’s stock in a transaction on Monday, November 7th. The shares were acquired at an average price of $69.45 per share, for a total transaction of $49,339,294.05. Following the purchase, the director now directly owns 423,218 shares of the company’s stock, valued at $29,392,490.10. The purchase was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, insider Alexis Le-Quoc sold 71,364 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the completion of the transaction, the insider now owns 179,370 shares in the company, valued at $12,471,596.10. Disclosure of this sale can be found here. Over the last three months, insiders have acquired 1,150,006 shares of company stock valued at $79,339,605 and have sold 269,888 shares valued at $19,904,866. Insiders own 15.80% of the company’s stock.
Datadog, Inc provides a monitoring and analytics platform for developers, IT operations teams and business users in the cloud in North America and internationally. The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management and security monitoring to provide real-time monitoring of its customers’ technology stack.
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