Public Employees Retirement Association of Colorado Has $5 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Public Employees Retirement Association of Colorado decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,583 shares of the company’s stock after selling 450 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Datadog were worth $5,004,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of Datadog by 47.8% in the 4th quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock valued at $23,505,000 after purchasing an additional 62,533 shares during the period. Congress Asset Management Co. MA bought a new stake in shares of Datadog in the 1st quarter valued at approximately $1,083,000. Vanguard Group Inc. grew its stake in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Datadog in the 4th quarter valued at approximately $33,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Datadog by 9.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock valued at $32,732,000 after purchasing an additional 22,544 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the completion of the transaction, the insider now owns 92,025 shares in the company, valued at approximately $11,503,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now owns 405,314 shares in the company, valued at $42,237,771.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Madre Armelle De sold 1,749 shares of Datadog stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the transaction, the insider now owns 92,025 shares of the company’s stock, valued at approximately $11,503,125. The disclosure for this sale can be found here. In the last quarter, insiders have sold 556,042 shares of company stock valued at $67,802,495. 11.78% of the stock is owned by company insiders.

Datadog Stock Down 0.7 %

DDOG stock opened at $114.76 on Monday. The business’s fifty day moving average is $114.64 and its 200-day moving average is $119.56. The company 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 twelve month low of $77.81 and a twelve month high of $138.61.

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

Analyst Ratings Changes

Several research firms have recently weighed in on DDOG. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research note on Monday, July 22nd. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. UBS Group increased their price target on Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Needham & Company LLC decreased their price target on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.88.

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.