Global Retirement Partners LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 287 shares of the company's stock, valued at approximately $27,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Datadog in the 4th quarter worth approximately $27,000. Riverview Trust Co bought a new stake in Datadog in the 1st quarter worth approximately $27,000. SJS Investment Consulting Inc. bought a new stake in Datadog in the 1st quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in Datadog in the 1st quarter worth approximately $27,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Datadog during the 1st quarter valued at approximately $30,000. Institutional investors own 71.98% of the company's stock.
Get Datadog alerts:Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on DDOG shares. Canaccord Genuity Group started coverage on Datadog in a research report on Thursday, July 7th. They set a "hold" rating and a $120.00 target price on the stock. Raymond James cut their target price on Datadog from $170.00 to $140.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Canaccord Genuity Group initiated coverage on Datadog in a research report on Thursday, July 7th. They set a "hold" rating and a $120.00 target price on the stock. Stifel Nicolaus dropped their price objective on Datadog from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, September 16th. Finally, Credit Suisse Group initiated coverage on Datadog in a report on Friday, September 23rd. They set an "outperform" rating and a $145.00 price objective for the company. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $148.36.
Insider Buying and Selling
In related news, insider Amit Agarwal sold 2,500 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $104.88, for a total value of $262,200.00. Following the transaction, the insider now owns 184,833 shares in the company, valued at approximately $19,385,285.04. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO David M. Obstler sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $100.25, for a total transaction of $501,250.00. Following the sale, the chief financial officer now owns 209,810 shares of the company's stock, valued at approximately $21,033,452.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amit Agarwal sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $104.88, for a total transaction of $262,200.00. Following the sale, the insider now directly owns 184,833 shares in the company, valued at approximately $19,385,285.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,913 shares of company stock worth $10,784,616. 15.80% of the stock is owned by company insiders.Datadog Trading Up 2.3 %
Shares of NASDAQ:DDOG opened at $89.76 on Thursday. Datadog, Inc. has a 1 year low of $81.12 and a 1 year high of $199.68. The firm has a market capitalization of $28.40 billion, a P/E ratio of 8,984.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The business's 50-day moving average is $101.23 and its 200 day moving average is $109.32.
Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Datadog had a net margin of 0.48% and a return on equity of 2.24%. The company had revenue of $406.14 million for the quarter, compared to the consensus estimate of $381.28 million. During the same quarter in the prior year, the company earned ($0.02) EPS. Datadog's quarterly revenue was up 73.9% on a year-over-year basis. On average, research analysts predict that Datadog, Inc. will post -0.15 earnings per share for the current fiscal year.
Datadog Profile
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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
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