Datadog, Inc. (NASDAQ:DDOG) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 317.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,045 shares of the company’s stock after purchasing an additional 285,140 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.11% of Datadog worth $46,427,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Datadog during the 4th quarter worth about $384,986,000. Kodai Capital Management LP acquired a new position in Datadog in the 1st quarter valued at $116,054,000. 1832 Asset Management L.P. lifted its stake in shares of Datadog by 47.9% during the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock worth $317,955,000 after purchasing an additional 848,000 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Datadog by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after purchasing an additional 734,539 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Datadog by 31.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock valued at $331,786,000 after purchasing an additional 651,244 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on DDOG shares. Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research note on Wednesday, May 8th. Stifel Nicolaus restated a “buy” rating and issued a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Barclays cut their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Finally, BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.37.

Datadog Stock Down 5.2 %

DDOG traded down $5.85 during trading on Friday, hitting $107.25. The company had a trading volume of 5,247,345 shares, compared to its average volume of 3,503,634. The company has a market cap of $35.88 billion, a PE ratio of 335.16, a P/E/G ratio of 37.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61. The business has a 50-day moving average of $120.38 and a 200-day moving average of $123.68.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. As a group, analysts forecast that Datadog, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 11,387 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 transaction of $1,246,307.15. Following the completion of the transaction, the president now owns 282,694 shares of the company’s stock, valued at $30,940,858.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Olivier Pomel sold 200,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the sale, the chief executive officer now directly owns 324,539 shares in the company, valued at approximately $42,517,854.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Amit Agarwal sold 11,387 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.45, for a total value of $1,246,307.15. Following the transaction, the president now owns 282,694 shares of the company’s stock, valued at approximately $30,940,858.30. The disclosure for this sale can be found here. Insiders sold a total of 857,606 shares of company stock valued at $103,799,779 over the last 90 days. 11.78% of the stock is owned by company insiders.

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.