Motley Fool Asset Management LLC Purchases 777 Shares of Datadog, Inc. (NASDAQ:DDOG)

Motley Fool Asset Management LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,794 shares of the company’s stock after acquiring an additional 777 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Datadog were worth $1,211,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in Datadog by 2,148.5% during the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock worth $694,000 after acquiring an additional 5,092 shares in the last quarter. Hsbc Holdings PLC raised its stake in Datadog by 47.8% during the fourth quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after acquiring an additional 62,533 shares in the last quarter. Congress Asset Management Co. MA acquired a new position in Datadog during the first quarter worth $1,083,000. Massachusetts Financial Services Co. MA raised its stake in Datadog by 31.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock worth $331,786,000 after acquiring an additional 651,244 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in Datadog by 5.6% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock worth $20,077,000 after acquiring an additional 8,830 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. JMP Securities upgraded Datadog to a “hold” rating in a research note on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. Finally, Monness Crespi & Hardt restated a “sell” rating and issued a $98.00 target price (down from $290.00) on shares of Datadog in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.21.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.41, for a total value of $10,739,736.17. Following the sale, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $42,294,146.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.41, for a total value of $10,739,736.17. Following the sale, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $42,294,146.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the sale, the chief technology officer now directly owns 279,025 shares in the company, valued at approximately $36,482,518.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 857,606 shares of company stock valued at $103,799,779. 11.78% of the stock is owned by insiders.

Datadog Trading Up 1.5 %

DDOG traded up $1.76 during midday trading on Wednesday, reaching $116.44. 3,296,009 shares of the company were exchanged, compared to its average volume of 4,034,263. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market capitalization of $38.95 billion, a P/E ratio of 363.88, a PEG ratio of 38.83 and a beta of 1.11. The stock’s 50-day simple moving average is $120.89 and its 200 day simple moving average is $123.87.

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 business had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. As a group, analysts forecast that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

About Datadog

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.