B. Riley Wealth Advisors Inc. Cuts Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

B. Riley Wealth Advisors Inc. reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 27.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,466 shares of the company’s stock after selling 932 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Datadog were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA grew its position in shares of Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $36,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG opened at $123.19 on Thursday. The company has a fifty day simple moving average of $119.56 and a 200 day simple moving average of $122.96. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 384.97, a PEG ratio of 39.22 and a beta of 1.09. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. Equities research analysts expect that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, Director Titilope Cole sold 2,210 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the transaction, the director now directly owns 6,451 shares of the company’s stock, valued at approximately $724,705.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Datadog news, President Amit Agarwal sold 11,387 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the completion of the transaction, the president now directly owns 282,694 shares of the company’s stock, valued at approximately $30,940,858.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Titilope Cole sold 2,210 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $112.34, for a total transaction of $248,271.40. Following the transaction, the director now directly owns 6,451 shares of the company’s stock, valued at $724,705.34. The disclosure for this sale can be found here. In the last three months, insiders sold 700,191 shares of company stock valued at $82,508,981. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on DDOG shares. JMP Securities upgraded shares of Datadog to a “hold” rating in a research report on Wednesday, May 8th. Robert W. Baird raised shares of Datadog from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. Barclays reduced their price objective on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Finally, Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and upped their price objective for the company from $143.00 to $155.00 in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $136.04.

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.