Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,707 shares of the company’s stock after purchasing an additional 318 shares during the period. Midwest Professional Planners LTD.’s holdings in Datadog were worth $335,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DDOG. Anchor Investment Management LLC bought a new position in Datadog in the fourth quarter worth about $25,000. Riverview Trust Co acquired a new position in Datadog in the first quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new position in Datadog in the fourth quarter worth approximately $29,000. Private Trust Co. NA grew its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Datadog during the 4th quarter worth approximately $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of DDOG traded up $0.21 during mid-day trading on Friday, reaching $119.03. 2,493,230 shares of the company’s stock were exchanged, compared to its average volume of 4,078,847. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $39.82 billion, a PE ratio of 372.03, a price-to-earnings-growth ratio of 39.89 and a beta of 1.11. The business’s fifty day simple moving average is $121.11 and its 200-day simple moving average is $123.80. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last announced 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. The business had revenue of $611.25 million for 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%. On average, equities research analysts expect that Datadog, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Datadog

In related news, President Amit Agarwal sold 11,387 shares of Datadog stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total value of $1,246,307.15. Following the transaction, the president now directly owns 282,694 shares in the company, valued at approximately $30,940,858.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Amit Agarwal sold 11,387 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the transaction, the president now directly owns 282,694 shares in the company, valued at $30,940,858.30. 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 in the last three months. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DDOG. Monness Crespi & Hardt reissued a “sell” rating and set a $98.00 target price (down previously from $290.00) on shares of Datadog in a research note on Friday, June 14th. Wedbush reissued an “outperform” rating and set a $155.00 target price on shares of Datadog in a research report on Wednesday, June 26th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.21.

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.