Capital International Investors Grows Holdings in Datadog, Inc. (NASDAQ:DDOG)

Capital International Investors grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 898,065 shares of the company’s stock after buying an additional 879 shares during the quarter. Capital International Investors’ holdings in Datadog were worth $111,001,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Datadog during the first quarter valued at about $26,000. Raleigh Capital Management Inc. bought a new stake in Datadog in the 4th quarter worth approximately $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Datadog during the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC purchased a new position in shares of Datadog during the fourth quarter worth approximately $36,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 1.7 %

Shares of Datadog stock traded down $2.00 during midday trading on Friday, hitting $118.31. The company had a trading volume of 3,817,624 shares, compared to its average volume of 3,402,902. The company has a 50 day moving average of $121.23 and a 200 day moving average of $123.95. The stock has a market capitalization of $39.57 billion, a P/E ratio of 369.72, a P/E/G ratio of 39.61 and a beta of 1.11. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43.

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

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 98,690 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the sale, the chief executive officer now owns 324,539 shares in the company, valued at $35,426,677.24. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Olivier Pomel sold 98,690 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $35,426,677.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 857,606 shares of company stock valued at $103,799,779. Insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Monness Crespi & Hardt restated a “sell” rating and issued a $98.00 price objective (down from $290.00) on shares of Datadog in a report on Friday, June 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research note on Monday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Finally, Evercore ISI started coverage on Datadog in a report on Monday, July 15th. They set an “outperform” rating and a $150.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.21.

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.