Vanguard Personalized Indexing Management LLC Has $2 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Vanguard Personalized Indexing Management LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,423 shares of the company’s stock after buying an additional 486 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Datadog were worth $1,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft raised its position in shares of Datadog by 1.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after buying an additional 77 shares in the last quarter. First National Trust Co raised its position in shares of Datadog by 3.3% in the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock valued at $302,000 after buying an additional 79 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after buying an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Datadog by 1.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after buying an additional 103 shares in the last quarter. Finally, WR Wealth Planners LLC grew its holdings in shares of Datadog by 31.6% during the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after purchasing an additional 104 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 0.7 %

NASDAQ DDOG opened at $114.76 on Friday. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The business has a 50 day moving average price of $114.64 and a 200-day moving average price of $119.62. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 358.63, a P/E/G ratio of 27.84 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. Datadog’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities research analysts anticipate that Datadog, Inc. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DDOG shares. Barclays decreased their price target on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 price target on shares of Datadog in a report on Monday, July 22nd. Loop Capital reaffirmed a “buy” rating and set a $160.00 price target on shares of Datadog in a report on Friday, July 5th. Finally, Evercore ISI began coverage on shares of Datadog in a research report on Monday, July 15th. They set an “outperform” rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Insider Activity at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 5,955 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $120.09, for a total transaction of $715,135.95. Following the completion of the sale, the general counsel now directly owns 85,787 shares of the company’s stock, valued at approximately $10,302,160.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, General Counsel Kerry Acocella sold 5,955 shares of Datadog stock in a transaction on Monday, June 24th. The shares were sold at an average price of $120.09, for a total transaction of $715,135.95. Following the transaction, the general counsel now directly owns 85,787 shares of the company’s stock, valued at approximately $10,302,160.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the completion of the sale, the chief executive officer now owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 561,997 shares of company stock valued at $68,517,631. 11.78% of the stock is owned by corporate insiders.

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.