World Investment Advisors bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,610 shares of the company’s stock, valued at approximately $485,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company’s stock worth $3,116,487,000 after acquiring an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. boosted its position in Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. increased its holdings in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after purchasing an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after purchasing an additional 2,103,838 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.
Datadog Trading Up 3.7%
NASDAQ DDOG opened at $162.81 on Monday. The company has a market capitalization of $56.78 billion, a price-to-earnings ratio of 465.18, a price-to-earnings-growth ratio of 63.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company’s fifty day moving average price is $146.02 and its two-hundred day moving average price is $132.39.
Insider Activity
In related news, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $154.35, for a total transaction of $1,727,948.25. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $82,323,807.30. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, October 13th. The stock was sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the completion of the transaction, the director directly owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,491,232 shares of company stock valued at $202,944,249 over the last three months. Company insiders own 8.70% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Oppenheimer increased their target price on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Sanford C. Bernstein increased their price objective on shares of Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Bank of America lifted their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. TD Cowen boosted their target price on shares of Datadog from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Jefferies Financial Group raised their price target on shares of Datadog from $160.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Twenty-six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $165.13.
Get Our Latest Analysis on Datadog
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.
See Also
- Five stocks we like better than Datadog
- Canada Bond Market Holiday: How to Invest and Trade
- Is Lemonade Stock Set for a Big Squeeze After Earnings?
- Breakout Stocks: What They Are and How to Identify Them
- Caterpillar Stock Could Top $650 by Year’s End
- The Most Important Warren Buffett Stock for Investors: His Own
- ServiceNow’s 5-for-1 Split Is a Signal for Investors to Buy
Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG – Free Report).
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
