Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOGFree Report) by 5.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 165,405 shares of the company’s stock after purchasing an additional 8,830 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Datadog were worth $20,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Panagora Asset Management Inc. grew its stake in shares of Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after purchasing an additional 89 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares in the last quarter. AM Squared Ltd grew its stake in shares of Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after purchasing an additional 100 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Datadog by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DDOG shares. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. JMP Securities raised Datadog to a “hold” rating in a research note on Wednesday, May 8th. Mizuho raised their target price on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Citigroup boosted their target price on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets cut their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.58.

View Our Latest Research Report on Datadog

Datadog Stock Down 0.4 %

DDOG stock traded down $0.54 during midday trading on Friday, reaching $120.07. The company had a trading volume of 2,069,484 shares, compared to its average volume of 4,953,261. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $40.16 billion, a P/E ratio of 375.22, a PEG ratio of 46.99 and a beta of 1.14. The company has a 50 day moving average of $123.19 and a two-hundred day moving average of $120.61.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts expect that Datadog, Inc. will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Datadog Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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