Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,186 shares of the company’s stock after purchasing an additional 189 shares during the period. United Asset Strategies Inc.’s holdings in Datadog were worth $872,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Datadog by 25.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after purchasing an additional 558 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Datadog in the 1st quarter valued at approximately $2,494,000. Yousif Capital Management LLC increased its position in Datadog by 9.3% during the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after purchasing an additional 310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Datadog by 11.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after buying an additional 14,658 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Datadog by 20.0% in the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock valued at $1,567,000 after buying an additional 1,725 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In other news, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now owns 100,353 shares in the company, valued at $12,578,245.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares in the company, valued at $38,825,916.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 745,984 shares of company stock worth $95,917,681. 14.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wolfe Research boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $145.00 target price (up previously from $115.00) on shares of Datadog in a report on Monday, February 12th. Needham & Company LLC lifted their price target on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Wells Fargo & Company increased their price objective on shares of Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.33.

Datadog Trading Up 0.9 %

Shares of DDOG opened at $126.95 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 1,057.92 and a beta of 1.15. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The business’s fifty day moving average is $126.45 and its 200-day moving average is $115.43.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

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.