Candriam S.C.A. Has $38.76 Million Holdings in Datadog, Inc. $DDOG

Candriam S.C.A. lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 272,170 shares of the company’s stock after acquiring an additional 68,597 shares during the quarter. Candriam S.C.A.’s holdings in Datadog were worth $38,757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in Datadog during the third quarter valued at $28,000. Hazlett Burt & Watson Inc. acquired a new position in Datadog during the third quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Datadog in the 3rd quarter worth about $40,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 624,639 shares of company stock valued at $103,844,778 over the last three months. 8.70% of the stock is currently owned by insiders.

Datadog Stock Performance

DDOG stock opened at $111.69 on Monday. The firm has a 50 day moving average of $135.28 and a two-hundred day moving average of $144.43. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a market capitalization of $39.17 billion, a price-to-earnings ratio of 360.29, a P/E/G ratio of 19.95 and a beta of 1.27. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DDOG shares. Needham & Company LLC lifted their target price on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Morgan Stanley raised their price target on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Robert W. Baird boosted their price objective on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Macquarie Infrastructure upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Evercore decreased their target price on shares of Datadog from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Thirty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.38.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.