Leibman Financial Services Inc. Grows Stake in Datadog, Inc. (NASDAQ:DDOG)

Leibman Financial Services Inc. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,252 shares of the company’s stock after acquiring an additional 393 shares during the quarter. Leibman Financial Services Inc.’s holdings in Datadog were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Baader Bank Aktiengesellschaft increased its stake in Datadog by 1.5% in 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 period. GAMMA Investing LLC increased its position in shares of 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 period. HB Wealth Management LLC raised its stake in shares of Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after acquiring an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of 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 stake in Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Up 1.1 %

Shares of Datadog stock opened at $123.72 on Wednesday. The firm has a market cap of $41.38 billion, a PE ratio of 386.63, a P/E/G ratio of 28.94 and a beta of 1.11. The business has a 50-day moving average price of $113.61 and a 200 day moving average price of $119.15. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its 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 net margin of 6.81% and a return on equity of 9.01%. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, sell-side analysts expect that Datadog, Inc. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $111.66, for a total value of $14,192,544.30. Following the sale, the chief technology officer now directly owns 347,684 shares of the company’s stock, valued at $38,822,395.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Olivier Pomel sold 85,637 shares of the 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 directly owns 405,314 shares in the company, valued at $42,237,771.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the transaction, the chief technology officer now owns 347,684 shares in the company, valued at $38,822,395.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,282 shares of company stock worth $26,311,431. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DDOG shares. Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $135.00 to $155.00 in a research report on Tuesday, July 16th. Evercore ISI initiated coverage on Datadog in a report on Monday, July 15th. They set an “outperform” rating and a $150.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $151.00 price target on shares of Datadog in a report on Friday, August 9th. BMO Capital Markets decreased their price objective on Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Scotiabank reduced 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. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.19.

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.