Azzad Asset Management Inc. ADV Acquires 146 Shares of Datadog, Inc. (NASDAQ:DDOG)

Azzad Asset Management Inc. ADV lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,517 shares of the company’s stock after acquiring an additional 146 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Datadog were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDOG. Norges Bank bought a new stake in shares of Datadog during the 4th quarter worth approximately $384,986,000. Vanguard Group Inc. lifted its holdings in shares of Datadog by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Datadog by 47.9% during the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock worth $317,955,000 after acquiring an additional 848,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Datadog by 31.3% during 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. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Datadog by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 895,183 shares of the company’s stock worth $110,645,000 after acquiring an additional 288,257 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total value of $15,955,490.65. Following the transaction, the chief technology officer now directly owns 290,412 shares in the company, valued at approximately $36,455,418.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Datadog news, insider Madre Armelle De sold 600 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now directly owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the completion of the transaction, the chief technology officer now directly owns 290,412 shares in the company, valued at $36,455,418.36. The disclosure for this sale can be found here. Insiders sold a total of 833,242 shares of company stock worth $99,862,497 over the last quarter. 11.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $155.00 in a report on Thursday, May 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research note on Wednesday, April 17th. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. Monness Crespi & Hardt reissued a “sell” rating and issued a $98.00 price objective (down previously from $290.00) on shares of Datadog in a research note on Friday, June 14th. Finally, Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. One investment 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.04.

Datadog Trading Down 0.2 %

DDOG opened at $131.50 on Thursday. The company has a fifty day moving average price of $120.09 and a two-hundred day moving average price of $123.34. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61. The company has a market cap of $43.99 billion, a P/E ratio of 410.94, a price-to-earnings-growth ratio of 43.38 and a beta of 1.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Analysts predict that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

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.