Artemis Investment Management LLP Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Artemis Investment Management LLP bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 164,041 shares of the company’s stock, valued at approximately $20,265,000.

Several other hedge funds have also recently modified their holdings of DDOG. Acadian Asset Management LLC raised its holdings in shares of Datadog by 8.7% in the 3rd quarter. Acadian Asset Management LLC now owns 5,879 shares of the company’s stock worth $533,000 after purchasing an additional 470 shares during the period. Mariner LLC raised its holdings in shares of Datadog by 45.8% in the 3rd quarter. Mariner LLC now owns 13,916 shares of the company’s stock worth $1,268,000 after purchasing an additional 4,373 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Datadog by 48.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 523 shares of the company’s stock worth $48,000 after purchasing an additional 171 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Datadog in the 3rd quarter worth approximately $405,000. Finally, Vinva Investment Management Ltd raised its holdings in shares of Datadog by 17.8% in the 3rd quarter. Vinva Investment Management Ltd now owns 6,103 shares of the company’s stock worth $543,000 after purchasing an additional 924 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 1.0 %

Shares of NASDAQ:DDOG opened at $129.69 on Friday. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The firm has a fifty day moving average of $119.81 and a 200 day moving average of $123.11. The firm has a market capitalization of $43.38 billion, a PE ratio of 405.28, a price-to-earnings-growth ratio of 40.56 and a beta of 1.09. 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 announced its 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. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. As a group, research analysts anticipate that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price target on shares of Datadog in a report on Monday, May 6th. Barclays lowered their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $150.00 in a report on Tuesday, April 23rd. Stifel Nicolaus reissued a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 98,690 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.16, for a total value of $10,773,000.40. Following the completion of 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 accessible through the SEC website. In other Datadog news, CEO Olivier Pomel sold 98,690 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.16, for a total value of $10,773,000.40. Following the completion of 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 accessible through the SEC website. Also, insider Madre Armelle De sold 600 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 702,037 shares of company stock worth $82,731,018. Corporate 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.