Donoghue Forlines LLC Has $464,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Donoghue Forlines LLC increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 29.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,750 shares of the company’s stock after purchasing an additional 846 shares during the period. Donoghue Forlines LLC’s holdings in Datadog were worth $464,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Verus Capital Partners LLC raised its position in Datadog by 4.5% in the first quarter. Verus Capital Partners LLC now owns 3,384 shares of the company’s stock worth $418,000 after purchasing an additional 147 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in Datadog by 9.0% during the first quarter. Meeder Advisory Services Inc. now owns 2,388 shares of the company’s stock worth $295,000 after buying an additional 197 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Datadog during the first quarter worth about $356,000. Swiss National Bank grew its stake in Datadog by 2.9% during the first quarter. Swiss National Bank now owns 818,000 shares of the company’s stock worth $101,105,000 after buying an additional 23,100 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in Datadog by 34.7% during the first quarter. Forsta AP Fonden now owns 64,100 shares of the company’s stock worth $7,923,000 after buying an additional 16,500 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Evercore ISI started coverage on shares of Datadog in a research note on Monday. They set an “outperform” rating and a $150.00 price objective on the stock. Barclays lowered their price objective on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Stifel Nicolaus reissued a “buy” rating and set a $152.00 price target on shares of Datadog in a research note on Monday, April 22nd. Finally, Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.21.

Datadog Trading Up 0.2 %

DDOG stock traded up $0.29 during midday trading on Tuesday, hitting $129.70. 1,029,523 shares of the company’s stock were exchanged, compared to its average volume of 4,055,444. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The stock’s fifty day moving average price is $120.60 and its 200-day moving average price is $123.79. The company has a market cap of $43.38 billion, a PE ratio of 404.42, a price-to-earnings-growth ratio of 42.08 and a beta of 1.11. 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 posted its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Research analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Datadog news, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The disclosure for this sale can be found here. Insiders have sold a total of 881,530 shares of company stock worth $106,911,095 over the last ninety days. Company insiders own 11.78% of the company’s stock.

Datadog 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.