Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 48.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 360 shares of the company’s stock after buying an additional 117 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Datadog were worth $47,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Datadog during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. acquired a new position in Datadog during the 4th quarter valued at about $29,000. Private Trust Co. NA increased its stake in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares during the period. Jones Financial Companies Lllp acquired a new position in Datadog during the 4th quarter valued at about $33,000. Finally, Quest Partners LLC acquired a new position in Datadog during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the sale, the chief executive officer now directly owns 324,539 shares in the company, valued at $42,517,854.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $130.75, for a total value of $16,618,978.75. Following the transaction, the chief technology officer now owns 279,025 shares of the company’s stock, valued at $36,482,518.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares in the company, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. Insiders sold 771,669 shares of company stock worth $93,026,032 over the last ninety days. 11.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DDOG. Loop Capital reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research note on Friday, July 5th. BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $152.00 price objective on shares of Datadog in a research note on Monday, April 22nd. Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $135.00 to $155.00 in a research note on Tuesday, July 16th. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Datadog in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.37.

Datadog Price Performance

NASDAQ DDOG opened at $105.47 on Wednesday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $35.28 billion, a PE ratio of 329.59, a price-to-earnings-growth ratio of 37.24 and a beta of 1.11. The company has a 50 day moving average price of $119.67 and a two-hundred day moving average price of $123.34. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million during 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, equities analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

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.