DSM Capital Partners LLC Takes $78,000 Position in Datadog, Inc. (NASDAQ:DDOG)

DSM Capital Partners LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 646 shares of the company’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Panagora Asset Management Inc. boosted its position in Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after purchasing an additional 89 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares during the last quarter. AM Squared Ltd boosted its position in Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Datadog by 3.2% during the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after buying an additional 100 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Datadog by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after buying an additional 110 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total value of $15,955,490.65. Following the completion of the transaction, the chief technology officer now owns 290,412 shares in the company, valued at approximately $36,455,418.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total value of $15,955,490.65. Following the completion of the transaction, the chief technology officer now owns 290,412 shares in the company, valued at approximately $36,455,418.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $130.06, for a total value of $2,500,533.56. Following the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,897,694.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 712,402 shares of company stock worth $89,071,727. 11.78% of the stock is currently owned by company insiders.

Datadog Trading Up 1.2 %

DDOG stock traded up $1.48 during trading on Friday, hitting $123.60. 2,183,231 shares of the company traded hands, compared to its average volume of 4,632,903. The firm has a market capitalization of $41.34 billion, a PE ratio of 386.25, a P/E/G ratio of 48.16 and a beta of 1.14. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a 50-day moving average of $123.21 and a 200-day moving average of $122.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Analysts predict that Datadog, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DDOG. Truist Financial boosted their price objective on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Barclays decreased their price objective on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Rosenblatt Securities reiterated a “buy” rating and set a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. Finally, Royal Bank of Canada upped their target price on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.58.

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.