Azzad Asset Management Inc. ADV Boosts Holdings in Datadog, Inc. (NASDAQ:DDOG)

Azzad Asset Management Inc. ADV raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 32.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 19,139 shares of the company’s stock after buying an additional 4,677 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Datadog were worth $2,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Baader Bank Aktiengesellschaft grew its stake 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 during the period. GAMMA Investing LLC increased its stake in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares during the last quarter. HB Wealth Management LLC increased its stake in Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after acquiring an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Datadog by 1.2% in the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after purchasing an additional 103 shares during the period. 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 worth $56,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

DDOG stock opened at $122.38 on Tuesday. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The company has a market cap of $40.94 billion, a price-to-earnings ratio of 382.44, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. The company has a fifty day moving average price of $113.52 and a 200 day moving average price of $119.15.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. As a group, analysts anticipate that Datadog, Inc. will post 0.42 earnings per share for the current year.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $104.21, for a total value of $8,924,231.77. Following the completion of the sale, the chief executive officer now owns 405,314 shares in the company, valued at $42,237,771.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the sale, the chief executive officer now owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 221,998 shares of company stock valued at $24,116,887. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. Monness Crespi & Hardt upgraded shares of Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Loop Capital reiterated a “buy” rating and issued a $160.00 target price on shares of Datadog in a report on Friday, July 5th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. Finally, DA Davidson raised Datadog from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $140.00 in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.85.

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.