World Asset Management Inc Acquires Shares of 2,746 Datadog (NASDAQ:DDOG)
World Asset Management Inc purchased a new stake in Datadog (NASDAQ:DDOG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,746 shares of the company’s stock, valued at approximately $239,000.
Several other large investors have also bought and sold shares of DDOG. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Datadog in the 1st quarter valued at about $26,000. Engrave Wealth Partners LLC raised its holdings in shares of Datadog by 209.0% in the 2nd quarter. Engrave Wealth Partners LLC now owns 309 shares of the company’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Sugarloaf Wealth Management LLC bought a new stake in shares of Datadog in the 1st quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Datadog in the 1st quarter valued at about $32,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Datadog in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 29.62% of the company’s stock.
Several equities research analysts have recently commented on the stock. Oppenheimer restated a “hold” rating on shares of Datadog in a report on Monday, May 11th. Royal Bank of Canada boosted their price target on shares of Datadog from $43.00 to $50.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. DA Davidson assumed coverage on shares of Datadog in a research note on Wednesday, April 15th. They set a “neutral” rating and a $38.00 price objective for the company. Goldman Sachs Group boosted their price objective on shares of Datadog from $65.00 to $107.00 in a research note on Monday, June 29th. Finally, Jefferies Financial Group boosted their price objective on shares of Datadog from $39.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, May 12th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $75.79.
Datadog (NASDAQ:DDOG) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. The company had revenue of $131.30 million for the quarter, compared to analysts’ expectations of $117.73 million. Datadog’s revenue was up 87.4% on a year-over-year basis. As a group, research analysts forecast that Datadog will post -0.02 earnings per share for the current fiscal year.
In other news, Director Michael James Callahan sold 145,000 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $89.39, for a total value of $12,961,550.00. Following the sale, the director now directly owns 229,886 shares of the company’s stock, valued at approximately $20,549,509.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 109,600 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $45.56, for a total transaction of $4,993,376.00. Following the completion of the sale, the chief executive officer now directly owns 109,600 shares in the company, valued at $4,993,376. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,420,018 shares of company stock worth $258,232,306. 26.06% of the stock is owned by insiders.
Datadog Company Profile
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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