Riverview Trust Co Makes New $26,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Riverview Trust Co acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 207 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors have also made changes to their positions in DDOG. Spire Wealth Management grew its holdings in Datadog by 2,148.5% during the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock valued at $694,000 after purchasing an additional 5,092 shares during the last quarter. Hsbc Holdings PLC grew its stake in Datadog by 47.8% in the 4th quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock valued at $23,505,000 after buying an additional 62,533 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Datadog by 31.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock worth $331,786,000 after acquiring an additional 651,244 shares during the period. Congress Asset Management Co. MA acquired a new position in Datadog during the 1st quarter worth $1,083,000. Finally, Zevenbergen Capital Investments LLC boosted its holdings in Datadog by 5.6% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock valued at $20,077,000 after acquiring an additional 8,830 shares during the period. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on DDOG shares. BMO Capital Markets dropped their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Wednesday, May 15th. Stifel Nicolaus restated a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $150.00 in a report on Tuesday, April 23rd. Finally, JMP Securities upgraded shares of Datadog to a “hold” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.04.

Datadog Trading Up 3.4 %

Shares of DDOG opened at $123.19 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market cap of $41.21 billion, a price-to-earnings ratio of 384.97, a PEG ratio of 39.22 and a beta of 1.09. The stock has a fifty day moving average price of $119.56 and a two-hundred day moving average price of $122.96. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last issued 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 for the quarter, compared to the consensus estimate of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. Analysts predict that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Amit Agarwal sold 11,387 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the transaction, the president now owns 282,694 shares of the company’s stock, valued at $30,940,858.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Amit Agarwal sold 11,387 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the completion of the transaction, the president now directly owns 282,694 shares in the company, valued at approximately $30,940,858.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The disclosure for this sale can be found here. Insiders sold 700,191 shares of company stock worth $82,508,981 in the last quarter. Insiders own 11.78% of the company’s stock.

About Datadog

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.