1,657 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by JT Stratford LLC

JT Stratford LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,657 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $53,000. Pacer Advisors Inc. grew its stake in shares of Datadog by 20.6% in the fourth quarter. Pacer Advisors Inc. now owns 23,261 shares of the company’s stock worth $2,823,000 after purchasing an additional 3,974 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Datadog during the fourth quarter valued at approximately $91,000. Values First Advisors Inc. raised its holdings in Datadog by 46.0% in the 4th quarter. Values First Advisors Inc. now owns 5,230 shares of the company’s stock worth $635,000 after purchasing an additional 1,647 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Datadog during the 4th quarter valued at about $57,000. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 1.7 %

NASDAQ:DDOG traded down $2.00 during mid-day trading on Friday, hitting $118.31. 3,817,624 shares of the stock traded hands, compared to its average volume of 3,402,902. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $121.23 and its two-hundred day moving average is $123.95. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 369.72, a PEG ratio of 39.61 and a beta of 1.11. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating 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 firm had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. On average, equities research analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Wednesday, June 26th. Barclays dropped their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Thursday, June 27th. Evercore ISI initiated coverage on Datadog in a report on Monday, July 15th. They issued an “outperform” rating and a $150.00 target price on the stock. Finally, Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $138.21.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the completion of the sale, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $42,294,146.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the completion of the transaction, the chief executive officer now owns 337,247 shares in the company, valued at approximately $42,294,146.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 857,606 shares of company stock valued at $103,799,779. 11.78% of the stock is currently owned by corporate insiders.

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.