Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Datadog, Inc. (NASDAQ:DDOG) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,344 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Intech Investment Management LLC’s holdings in Datadog were worth $1,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pinkerton Retirement Specialists LLC purchased a new position in Datadog in the 1st quarter valued at about $525,000. Glaxis Capital Management LLC purchased a new position in Datadog during the first quarter worth approximately $247,000. Element Capital Management LLC acquired a new position in shares of Datadog in the 1st quarter valued at $993,000. Blair William & Co. IL increased its holdings in shares of Datadog by 2.2% during the 1st quarter. Blair William & Co. IL now owns 31,372 shares of the company’s stock worth $3,878,000 after buying an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in Datadog by 5.7% in the first quarter. Picton Mahoney Asset Management now owns 28,531 shares of the company’s stock valued at $3,525,000 after acquiring an additional 1,537 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Up 0.2 %

Shares of NASDAQ:DDOG traded up $0.21 during mid-day trading on Friday, hitting $119.03. The company had a trading volume of 2,538,558 shares, compared to its average volume of 3,589,341. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The firm has a fifty day moving average price of $121.11 and a 200 day moving average price of $123.84. The company has a market capitalization of $39.82 billion, a PE ratio of 371.97, a price-to-earnings-growth ratio of 39.19 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. As a group, research analysts forecast that Datadog, Inc. will post 0.32 EPS for the current year.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 98,690 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $35,426,677.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.52, for a total value of $15,064,484.60. Following the transaction, the chief technology officer now directly owns 290,412 shares in the company, valued at approximately $34,419,630.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 98,690 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the completion of the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $35,426,677.24. The disclosure for this sale can be found here. Insiders have sold 881,530 shares of company stock valued at $106,911,095 over the last ninety days. 11.78% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on DDOG shares. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a report on Thursday, June 27th. Bank of America upgraded shares of Datadog from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $143.00 to $155.00 in a research note on Thursday, May 30th. Evercore ISI began coverage on Datadog in a report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Loop Capital restated a “buy” rating and issued a $160.00 target price on shares of Datadog in a research report on Friday, July 5th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.21.

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.