Banque Cantonale Vaudoise Lowers Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Banque Cantonale Vaudoise reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,382 shares of the company’s stock after selling 453 shares during the period. Banque Cantonale Vaudoise’s holdings in Datadog were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DDOG. Perpetual Ltd boosted its holdings in Datadog by 93.6% in the first quarter. Perpetual Ltd now owns 4,259 shares of the company’s stock valued at $526,000 after purchasing an additional 2,059 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Datadog by 9.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock valued at $32,732,000 after buying an additional 22,544 shares during the period. Northside Capital Management LLC boosted its stake in shares of Datadog by 2.5% in the 1st quarter. Northside Capital Management LLC now owns 33,166 shares of the company’s stock valued at $4,099,000 after buying an additional 795 shares during the period. Strategic Advocates LLC acquired a new position in shares of Datadog during the first quarter worth about $437,000. Finally, Quadrature Capital Ltd increased its stake in shares of Datadog by 816.2% during the fourth quarter. Quadrature Capital Ltd now owns 74,212 shares of the company’s stock worth $9,008,000 after buying an additional 66,112 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 18,415 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $119.52, for a total value of $2,200,960.80. Following the completion of the transaction, the director now owns 44,387 shares of the company’s stock, valued at approximately $5,305,134.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Adam Blitzer sold 11,946 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $109.45, for a total value of $1,307,489.70. Following the completion of the transaction, the chief operating officer now owns 236,640 shares of the company’s stock, valued at approximately $25,900,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 18,415 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $119.52, for a total transaction of $2,200,960.80. Following the completion of the transaction, the director now directly owns 44,387 shares of the company’s stock, valued at approximately $5,305,134.24. The disclosure for this sale can be found here. Insiders sold 694,236 shares of company stock valued at $81,793,845 in the last 90 days. 11.78% of the stock is currently owned by insiders.

Datadog Trading Up 1.3 %

NASDAQ:DDOG opened at $117.57 on Monday. The company has a market capitalization of $39.33 billion, a PE ratio of 367.41, a price-to-earnings-growth ratio of 45.23 and a beta of 1.09. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The stock has a fifty day simple moving average of $119.86 and a 200-day simple moving average of $122.90.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. On average, equities research analysts expect that Datadog, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 price target on shares of Datadog in a report on Wednesday, April 17th. Monness Crespi & Hardt reiterated a “sell” rating and set a $98.00 target price (down previously from $290.00) on shares of Datadog in a research note on Friday, June 14th. JMP Securities upgraded Datadog to a “hold” rating in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Wednesday, May 15th. Finally, BMO Capital Markets cut their target price on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.04.

Datadog Company 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.