Knights of Columbus Asset Advisors LLC Sells 7,522 Shares of Datadog, Inc. $DDOG

Knights of Columbus Asset Advisors LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 75.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,424 shares of the company’s stock after selling 7,522 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Datadog were worth $664,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. EMC Capital Management bought a new position in shares of Datadog in the 2nd quarter worth approximately $28,000. Cornerstone Financial Management LLC lifted its stake in shares of Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after purchasing an additional 246 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of Datadog during the third quarter valued at approximately $46,000. 78.29% of the stock is owned by institutional investors.

Top Datadog Stories

These are some of the DDOG stories that stood out recently:

• Neutral Sentiment: CTO Alexis Le-Quoc sold 49,961 shares under a pre-arranged Rule 10b5-1 trading plan. He retained 438,072 shares, making the sale less clearly a signal about his outlook for the company. SEC filing
• Neutral Sentiment: Management plans to present at upcoming investor conferences; the announcement itself provides no new financial outlook. Article: Datadog to Present at Upcoming Investor Conferences
• Negative Sentiment: The main pressure is reportedly softer guidance, which has unsettled investors despite a strong Q3 beat. Datadog reported $1.20 billion in revenue, up 35.2% year over year, and EPS of $0.81 versus the $0.64 consensus, but the outlook has weighed on the stock. Article: Datadog Stock Price Prediction: Soft Guidance Jolts a Strong Q3 Beat

Analyst Ratings Changes

A number of equities analysts have issued reports on DDOG shares. Oppenheimer increased their price objective on Datadog from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Citizens Jmp boosted their target price on shares of Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. TD Cowen dropped their target price on shares of Datadog from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Sanford C. Bernstein reduced their target price on shares of Datadog from $350.00 to $273.00 and set an “outperform” rating on the stock in a research report on Thursday, November 5th. Finally, Guggenheim reiterated a “buy” rating on shares of Datadog in a research note on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.43.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 49,961 shares of Datadog stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $179.52, for a total value of $8,968,998.72. Following the completion of the transaction, the chief technology officer owned 438,072 shares of the company’s stock, valued at $78,642,685.44. The trade was a 10.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the completion of the transaction, the executive owned 233,135 shares in the company, valued at approximately $51,532,160.40. The trade was a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 661,918 shares of company stock valued at $150,860,101. Insiders own 6.48% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $184.46 on Friday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $66.24 billion, a P/E ratio of 222.15, a PEG ratio of 11.10 and a beta of 1.50. The stock’s 50 day moving average is $244.14 and its 200 day moving average is $201.04. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Datadog had a return on equity of 7.28% and a net margin of 6.12%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities research analysts predict that Datadog, Inc. will post 0.82 earnings per share for the current fiscal year.

Datadog Profile

Datadog, Inc. provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance. The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.