Datadog, Inc. (NASDAQ:DDOG) is EDBI Pte Ltd’s 9th Largest Position

EDBI Pte Ltd grew its position in Datadog, Inc. (NASDAQ:DDOG) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,624 shares of the company’s stock after buying an additional 3,000 shares during the period. Datadog accounts for approximately 2.2% of EDBI Pte Ltd’s investment portfolio, making the stock its 9th largest position. EDBI Pte Ltd’s holdings in Datadog were worth $1,931,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of Datadog in the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new position in shares of Datadog in the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in Datadog during the 4th quarter worth approximately $29,000. Private Trust Co. NA lifted its holdings in Datadog by 743.3% during the 4th 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. Finally, Jones Financial Companies Lllp acquired a new stake in Datadog during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 1.0 %

DDOG stock opened at $129.69 on Monday. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The stock has a market capitalization of $43.38 billion, a PE ratio of 405.28, a price-to-earnings-growth ratio of 42.70 and a beta of 1.11. 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 fifty day moving average of $119.81 and a 200-day moving average of $123.21.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 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 analysts’ expectations of $589.97 million. As a group, analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on DDOG. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $130.00 to $150.00 in a report on Tuesday, April 23rd. Barclays reduced their target price 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. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Datadog in a report on Wednesday, June 26th. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Thursday. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.04.

Insider Transactions at Datadog

In other news, General Counsel Kerry Acocella sold 1,846 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $120.28, for a total value of $222,036.88. Following the completion of the sale, the general counsel now owns 80,084 shares in the company, valued at approximately $9,632,503.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Kerry Acocella sold 1,846 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $120.28, for a total value of $222,036.88. Following the completion of the sale, the general counsel now owns 80,084 shares in the company, valued at $9,632,503.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Madre Armelle De sold 600 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were 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 owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 702,037 shares of company stock worth $82,731,018. Company 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.