Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 9.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,017 shares of the company’s stock after acquiring an additional 742 shares during the period. Motley Fool Asset Management LLC’s holdings in Datadog were worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. Anchor Investment Management LLC acquired a new position in Datadog in the 4th quarter valued at about $25,000. BluePath Capital Management LLC purchased a new stake in Datadog during the 3rd quarter worth approximately $31,000. Private Trust Co. NA lifted its holdings in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares in the last quarter. AM Squared Ltd purchased a new position in Datadog in the 3rd quarter valued at approximately $36,000. Finally, GAMMA Investing LLC acquired a new position in shares of Datadog in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Datadog stock traded up $6.20 during midday trading on Friday, reaching $131.45. The company’s stock had a trading volume of 5,116,010 shares, compared to its average volume of 4,047,233. The firm has a market capitalization of $43.62 billion, a PE ratio of 1,095.42 and a beta of 1.15. Datadog, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $138.61. The stock’s 50 day simple moving average is $125.25 and its 200 day simple moving average is $117.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities research analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CRO Sean Michael Walters sold 20,692 shares of Datadog stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,660,577.36. Following the completion of the transaction, the executive now directly owns 182,593 shares of the company’s stock, valued at $23,477,807.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Sean Michael Walters sold 20,692 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the completion of the sale, the executive now directly owns 182,593 shares in the company, valued at approximately $23,477,807.94. The disclosure for this sale can be found here. Insiders have sold a total of 759,908 shares of company stock worth $97,728,997 in the last quarter. Company insiders own 14.97% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price objective on shares of Datadog in a research note on Monday. Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $130.00 to $150.00 in a research note on Tuesday. Truist Financial raised their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.70.

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.