Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,427 shares of the company’s stock after buying an additional 311 shares during the quarter. Bleakley Financial Group LLC’s holdings in Datadog were worth $394,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC grew its holdings in Datadog by 56.9% during the 3rd quarter. nVerses Capital LLC now owns 9,100 shares of the company’s stock valued at $1,047,000 after buying an additional 3,300 shares during the last quarter. Kowal Investment Group LLC acquired a new stake in Datadog during the 3rd quarter valued at $381,000. Vontobel Holding Ltd. boosted its holdings in shares of Datadog by 56.0% during the third quarter. Vontobel Holding Ltd. now owns 235,991 shares of the company’s stock worth $27,153,000 after purchasing an additional 84,688 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in shares of Datadog by 2.8% during the third quarter. Sumitomo Life Insurance Co. now owns 11,629 shares of the company’s stock worth $1,338,000 after purchasing an additional 314 shares during the last quarter. Finally, Cabot Wealth Management Inc. boosted its holdings in shares of Datadog by 2.7% during the third quarter. Cabot Wealth Management Inc. now owns 16,983 shares of the company’s stock worth $1,954,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DDOG. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Scotiabank decreased their price objective on Datadog from $145.00 to $135.00 and set a “sector outperform” rating on the stock 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 on the stock in a report on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price objective on shares of Datadog in a report on Monday, July 22nd. Finally, Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $142.43.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s 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 completion of the sale, the chief technology officer now directly owns 347,684 shares in the company, valued at approximately $38,822,395.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction of $8,924,231.77. Following the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the 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 sale, the chief technology officer now owns 347,684 shares in the company, valued at approximately $38,822,395.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 529,928 shares of company stock worth $63,079,091 in the last three months. 11.78% of the stock is owned by insiders.

Datadog Stock Down 0.9 %

DDOG stock opened at $124.62 on Wednesday. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The stock’s 50 day moving average is $117.06 and its two-hundred day moving average is $119.44. The company has a market capitalization of $41.69 billion, a PE ratio of 389.44, a P/E/G ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same period in the previous year, the business earned $0.36 EPS. Datadog’s revenue for the quarter was up 26.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.42 EPS for the current year.

About Datadog

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.