XTX Topco Ltd Purchases 24,034 Shares of Datadog, Inc. (NASDAQ:DDOG)

XTX Topco Ltd grew its position in Datadog, Inc. (NASDAQ:DDOG) by 1,275.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 25,918 shares of the company’s stock after acquiring an additional 24,034 shares during the period. XTX Topco Ltd’s holdings in Datadog were worth $2,571,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DDOG. Brighton Jones LLC bought a new position in shares of Datadog during the fourth quarter valued at $209,000. Orion Portfolio Solutions LLC raised its stake in shares of Datadog by 46.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,234 shares of the company’s stock valued at $1,462,000 after acquiring an additional 3,260 shares during the last quarter. Allianz SE bought a new position in shares of Datadog during the fourth quarter valued at $179,000. O Shaughnessy Asset Management LLC raised its stake in shares of Datadog by 35.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,071 shares of the company’s stock valued at $2,296,000 after acquiring an additional 4,213 shares during the last quarter. Finally, Axiom Investors LLC DE bought a new position in shares of Datadog during the fourth quarter valued at $2,320,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the transaction, the chief technology officer owned 452,769 shares of the company’s stock, valued at $63,057,138.63. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 9,469 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the sale, the executive directly owned 212,324 shares in the company, valued at approximately $31,848,600. The trade was a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 957,666 shares of company stock worth $117,576,223 in the last 90 days. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research note on Thursday, June 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Datadog in a research report on Tuesday, May 6th. Rosenblatt Securities decreased 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. Bank of America increased their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Canaccord Genuity Group reduced their price target on shares of Datadog from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $146.79.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $150.27 on Wednesday. The company has a 50 day moving average of $131.69 and a 200 day moving average of $120.82. The stock has a market cap of $51.90 billion, a P/E ratio of 326.68, a P/E/G ratio of 82.91 and a beta of 1.03. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last announced its quarterly 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 net margin of 5.85% and a return on equity of 6.39%. The business had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.