646 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by DSM Capital Partners LLC

DSM Capital Partners LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 646 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in shares of Datadog during the fourth quarter valued at $25,000. Private Trust Co. NA lifted its holdings in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the period. AM Squared Ltd bought a new position in shares of Datadog during the third quarter valued at $36,000. Quest Partners LLC bought a new position in shares of Datadog during the fourth quarter valued at $36,000. Finally, GAMMA Investing LLC bought a new position in shares of Datadog during the fourth quarter valued at $45,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DDOG. Mizuho lifted their price objective on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Royal Bank of Canada lifted their price target on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $152.00 price target on shares of Datadog in a report on Monday, April 22nd. Wolfe Research lifted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $135.58.

Datadog Stock Up 1.2 %

Shares of DDOG traded up $1.48 on Friday, hitting $123.60. The company’s stock had a trading volume of 2,183,231 shares, compared to its average volume of 4,632,903. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $123.21 and its 200-day moving average price is $122.21. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 386.25, a P/E/G ratio of 48.16 and a beta of 1.14.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. On average, equities research analysts expect that Datadog, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $118.52, for a total transaction of $15,064,484.60. Following the completion of the transaction, the chief technology officer now owns 290,412 shares of the company’s stock, valued at approximately $34,419,630.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $118.52, for a total transaction of $15,064,484.60. Following the completion of the transaction, the chief technology officer now owns 290,412 shares of the company’s stock, valued at approximately $34,419,630.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 712,402 shares of company stock worth $89,071,727. Corporate insiders own 11.78% of the company’s stock.

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.