Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 395,155 shares of the company’s stock after selling 2,255 shares during the period. Datadog accounts for approximately 0.7% of Ieq Capital LLC’s portfolio, making the stock its 28th biggest holding. Ieq Capital LLC owned 0.12% of Datadog worth $51,248,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Datadog by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 254,076 shares of the company’s stock worth $30,842,000 after buying an additional 28,394 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Datadog by 373.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,172 shares of the company’s stock worth $1,356,000 after buying an additional 8,812 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in Datadog by 29.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 4,877 shares of the company’s stock worth $592,000 after buying an additional 1,113 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Datadog by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after buying an additional 89 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in Datadog in the 4th quarter worth about $334,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the sale, the chief technology officer now directly owns 279,025 shares in the company, valued at approximately $36,482,518.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the sale, the chief executive officer now directly owns 324,539 shares in the company, valued at approximately $42,517,854.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the sale, the chief technology officer now owns 279,025 shares of the company’s stock, valued at $36,482,518.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 561,997 shares of company stock worth $68,517,631. 11.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research note on Monday, July 22nd. Loop Capital reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research note on Friday, July 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. Finally, Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.88.

Datadog Stock Up 2.1 %

DDOG stock opened at $115.52 on Friday. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The stock’s 50 day moving average is $114.90 and its two-hundred day moving average is $119.74. The company has a market capitalization of $38.64 billion, a PE ratio of 361.00, a P/E/G ratio of 27.84 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same period in the previous year, the business earned $0.36 EPS. Datadog’s revenue for the quarter was up 26.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.41 EPS for the current year.

Datadog 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.