Teamwork Financial Advisors LLC Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Teamwork Financial Advisors LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 145.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,706 shares of the company’s stock after buying an additional 2,786 shares during the period. Teamwork Financial Advisors LLC’s holdings in Datadog were worth $582,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DDOG. Mariner LLC increased its holdings in shares of Datadog by 45.8% in the 3rd quarter. Mariner LLC now owns 13,916 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,373 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Datadog in the 3rd quarter valued at about $405,000. Gotham Asset Management LLC increased its position in Datadog by 4.8% in the 3rd quarter. Gotham Asset Management LLC now owns 34,557 shares of the company’s stock valued at $3,148,000 after acquiring an additional 1,576 shares during the period. Quadrature Capital Ltd purchased a new stake in Datadog during the 3rd quarter valued at approximately $738,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Datadog during the 3rd quarter worth approximately $378,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 0.2 %

Shares of NASDAQ:DDOG traded down $0.25 during mid-day trading on Thursday, hitting $131.50. The stock had a trading volume of 1,773,639 shares, compared to its average volume of 3,768,921. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market cap of $43.99 billion, a PE ratio of 410.94, a P/E/G ratio of 43.38 and a beta of 1.11. The company’s 50 day moving average is $120.18 and its 200-day moving average is $123.40.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. On average, sell-side analysts predict that Datadog, Inc. will post 0.32 EPS for the current year.

Insider Activity at Datadog

In related news, COO Adam Blitzer sold 11,946 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total value of $1,307,489.70. Following the completion of the sale, the chief operating officer now directly owns 236,640 shares in the company, valued at $25,900,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Adam Blitzer sold 11,946 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total value of $1,307,489.70. Following the completion of the sale, the chief operating officer now directly owns 236,640 shares in the company, valued at $25,900,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the sale, the insider now owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 833,242 shares of company stock valued at $99,862,497. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent research reports. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Wednesday, June 26th. Bank of America upgraded Datadog from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $155.00 in a research note on Thursday, May 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. BMO Capital Markets decreased their price target on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.04.

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.