Matauro LLC Purchases Shares of 6,678 Datadog, Inc. (NASDAQ:DDOG)

Matauro LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,678 shares of the company’s stock, valued at approximately $663,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DDOG. Groupama Asset Managment lifted its position in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock valued at $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Janus Henderson Group PLC increased its stake in Datadog by 17,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock worth $573,923,000 after buying an additional 3,993,707 shares during the period. Norges Bank purchased a new position in Datadog in the 4th quarter worth about $462,910,000. Brown Advisory Inc. increased its position in Datadog by 2,804.2% during the 4th quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock valued at $392,830,000 after purchasing an additional 2,654,512 shares during the period. Finally, Baillie Gifford & Co. increased its position in Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. 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 Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total value of $13,451,522.15. Following the completion of the sale, the chief technology officer now directly owns 466,535 shares of the company’s stock, valued at $49,373,399.05. This trade represents a 21.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Adam Blitzer sold 15,603 shares of Datadog stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $116.84, for a total value of $1,823,054.52. Following the sale, the chief operating officer now directly owns 212,969 shares of the company’s stock, valued at approximately $24,883,297.96. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 725,582 shares of company stock worth $80,913,097 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

Datadog stock opened at $120.45 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market cap of $41.60 billion, a P/E ratio of 236.18, a P/E/G ratio of 44.03 and a beta of 1.01. The business’s fifty day moving average is $108.01 and its two-hundred day moving average is $123.55.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DDOG shares. Truist Financial cut their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. JMP Securities reiterated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Jefferies Financial Group restated a “buy” rating on shares of Datadog in a research report on Tuesday, May 6th. Rosenblatt Securities reduced their price objective on shares of Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Scotiabank set a $130.00 target price on shares of Datadog and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.25.

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.