Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Hancock Whitney Corp

Hancock Whitney Corp lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,649 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Hancock Whitney Corp’s holdings in Datadog were worth $6,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Kodai Capital Management LP acquired a new position in Datadog in the 1st quarter worth approximately $116,054,000. 1832 Asset Management L.P. boosted its holdings in shares of Datadog by 47.9% in the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after acquiring an additional 848,000 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Datadog by 1,974.5% in the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after acquiring an additional 806,741 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Datadog by 1,597.9% during the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock worth $101,841,000 after purchasing an additional 739,011 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Datadog by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock valued at $3,308,748,000 after purchasing an additional 734,539 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kerry Acocella sold 5,955 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 561,997 shares of company stock worth $68,517,631 in the last quarter. Company insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.7 %

Shares of NASDAQ DDOG opened at $114.76 on Friday. The stock has a market cap of $38.39 billion, a PE ratio of 358.63, a P/E/G ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a 50-day moving average of $114.64 and a 200 day moving average of $119.62.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (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 return on equity of 9.01% and a net margin of 6.81%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share. On average, sell-side analysts forecast that Datadog, Inc. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DDOG shares. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. Evercore ISI started coverage on Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective on the stock. Scotiabank cut their target price on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC lowered their price target on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target 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.