Black Swift Group LLC Acquires Shares of 15,000 Datadog, Inc. $DDOG

Black Swift Group LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,000 shares of the company’s stock, valued at approximately $2,015,000.

Several other institutional investors have also bought and sold shares of DDOG. Goldman Sachs Group Inc. lifted its position in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Datadog during the second quarter valued at $177,050,000. Price T Rowe Associates Inc. MD lifted its position in Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Datadog in the 1st quarter worth about $112,593,000. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 1.6%

DDOG stock opened at $154.98 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm’s 50-day moving average is $147.78 and its 200 day moving average is $133.51. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market capitalization of $54.05 billion, a PE ratio of 442.81, a P/E/G ratio of 61.63 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. On average, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,512,446 shares of company stock valued at $207,641,627 over the last quarter. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Datadog in a report on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 target price for the company. Jefferies Financial Group raised their target price on shares of Datadog from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Sanford C. Bernstein raised their target price on shares of Datadog from $147.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Finally, Barclays set a $170.00 target price on shares of Datadog and gave the stock an “overweight” rating in a report on Thursday, August 7th. Twenty-six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.10.

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.