Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Country Trust Bank

Country Trust Bank lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 338,977 shares of the company’s stock after buying an additional 45,392 shares during the quarter. Country Trust Bank owned about 0.10% of Datadog worth $39,003,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Baader Bank Aktiengesellschaft lifted its position in shares of Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Datadog by 5.2% during the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Datadog by 1.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after buying an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC lifted its position 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 buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DDOG shares. Loop Capital reiterated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. BMO Capital Markets reduced their price target 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. Barclays cut their price objective on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $141.19.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the transaction, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Datadog news, General Counsel Kerry Acocella sold 2,452 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the sale, the general counsel now owns 74,421 shares in the company, valued at $8,934,985.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 240,282 shares of company stock valued at $26,311,431 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Up 1.1 %

Shares of DDOG stock opened at $123.72 on Wednesday. The stock has a market cap of $41.38 billion, a price-to-earnings ratio of 386.63, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm’s 50 day moving average price is $113.61 and its two-hundred day moving average price is $119.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. Datadog’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. On average, equities analysts forecast that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

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.