Profund Advisors LLC Has $5.95 Million Stake in Datadog, Inc. $DDOG

Profund Advisors LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 14.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,761 shares of the company’s stock after buying an additional 5,422 shares during the quarter. Profund Advisors LLC’s holdings in Datadog were worth $5,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Datadog in the fourth quarter worth approximately $209,000. Bison Wealth LLC purchased a new stake in Datadog in the 4th quarter valued at about $228,000. Empowered Funds LLC lifted its position in shares of Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after buying an additional 672 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after buying an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Datadog in the 2nd quarter worth approximately $509,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 4.6%

DDOG opened at $111.69 on Monday. The business’s fifty day simple moving average is $135.28 and its 200 day simple moving average is $144.43. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a market cap of $39.17 billion, a PE ratio of 360.29, a P/E/G ratio of 19.95 and a beta of 1.27.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Datadog from $180.00 to $160.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird lifted their target price on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Needham & Company LLC increased their price target on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. The Goldman Sachs Group assumed coverage on shares of Datadog in a research note on Monday, January 12th. They set a “sell” rating and a $113.00 price objective for the company. Finally, Mizuho decreased their target price on shares of Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Thirty-six research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.38.

Insider Activity at Datadog

In related news, Director Matthew Jacobson sold 31,810 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $200.14, for a total transaction of $6,366,453.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 624,639 shares of company stock valued at $103,844,778 in the last three months. Company insiders own 8.70% of the company’s stock.

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.