Blair William & Co. IL Raises Position in Datadog, Inc. (NASDAQ:DDOG)

Blair William & Co. IL increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,241 shares of the company’s stock after purchasing an additional 1,869 shares during the period. Blair William & Co. IL’s holdings in Datadog were worth $4,311,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DDOG. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Datadog by 3.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,423 shares of the company’s stock valued at $1,999,000 after purchasing an additional 486 shares during the period. Amalgamated Bank increased its stake in Datadog by 6.5% in the 2nd quarter. Amalgamated Bank now owns 20,202 shares of the company’s stock valued at $2,620,000 after purchasing an additional 1,236 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Datadog by 156.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,208 shares of the company’s stock worth $1,196,000 after purchasing an additional 5,615 shares during the last quarter. L & S Advisors Inc grew its holdings in Datadog by 7.9% in the second quarter. L & S Advisors Inc now owns 12,078 shares of the company’s stock valued at $1,566,000 after purchasing an additional 888 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Datadog in the second quarter valued at $1,032,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 5,955 shares of the firm’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 owns 85,787 shares in the company, valued at approximately $10,302,160.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Kerry Acocella sold 5,955 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $120.09, for a total value of $715,135.95. Following the completion of the sale, the general counsel now 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 the SEC website. Also, CRO Sean Michael Walters sold 2,351 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $125.00, for a total transaction of $293,875.00. Following the completion of the sale, the executive now owns 197,421 shares in the company, valued at approximately $24,677,625. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 561,997 shares of company stock valued at $68,517,631. 11.78% of the stock is currently owned by insiders.

Datadog Stock Performance

DDOG stock opened at $114.76 on Friday. The firm has a market cap of $38.39 billion, a P/E ratio of 358.63, a price-to-earnings-growth ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The stock has a 50-day simple moving average of $114.64 and a 200-day simple moving average of $119.60.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. UBS Group raised their price target on shares of Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. BMO Capital Markets cut their price objective on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $143.00 to $155.00 in a research note on Thursday, May 30th. Finally, Evercore ISI began coverage on Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective for the company. Four equities research analysts have rated the stock with 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, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Datadog Company 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.