Capital International Investors Has $111 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Capital International Investors grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 898,065 shares of the company’s stock after acquiring an additional 879 shares during the period. Capital International Investors owned 0.27% of Datadog worth $111,001,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DDOG. CVA Family Office LLC acquired a new position in shares of Datadog in the fourth quarter valued at about $53,000. Pacer Advisors Inc. increased its holdings in shares of Datadog by 20.6% during the fourth quarter. Pacer Advisors Inc. now owns 23,261 shares of the company’s stock worth $2,823,000 after purchasing an additional 3,974 shares during the period. Planned Solutions Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $91,000. Values First Advisors Inc. boosted its stake in shares of Datadog by 46.0% in the fourth quarter. Values First Advisors Inc. now owns 5,230 shares of the company’s stock valued at $635,000 after buying an additional 1,647 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Datadog during the fourth quarter worth approximately $57,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DDOG. BMO Capital Markets dropped their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Thursday, June 27th. Finally, Evercore ISI started coverage on shares of Datadog in a research note on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective on the stock. One equities research 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.21.

Datadog Trading Down 1.7 %

DDOG stock traded down $2.00 during trading on Friday, hitting $118.31. The company had a trading volume of 3,817,624 shares, compared to its average volume of 3,402,902. The stock has a market cap of $39.57 billion, a PE ratio of 369.72, a PEG ratio of 39.61 and a beta of 1.11. The business has a 50-day moving average of $121.23 and a 200-day moving average of $123.95. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating 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 analyst estimates of $589.97 million. Research analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the completion of the sale, the chief executive officer now owns 337,247 shares of the company’s stock, valued at $42,294,146.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the transaction, the chief executive officer now owns 337,247 shares in the company, valued at approximately $42,294,146.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Titilope Cole sold 2,210 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the sale, the director now owns 6,451 shares of the company’s stock, valued at $724,705.34. The disclosure for this sale can be found here. Insiders have sold 857,606 shares of company stock valued at $103,799,779 in the last ninety days. 11.78% of the stock is owned by company insiders.

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.