Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 167.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,261 shares of the company's stock after purchasing an additional 3,918 shares during the period. Benjamin Edwards Inc.'s holdings in Datadog were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas raised its stake in Datadog by 378.3% during the 4th quarter. BNP Paribas now owns 6,084 shares of the company's stock worth $869,000 after acquiring an additional 4,812 shares during the period. Aptus Capital Advisors LLC bought a new stake in Datadog during the 4th quarter worth approximately $305,000. Aristeia Capital L.L.C. bought a new stake in Datadog during the 4th quarter worth approximately $8,424,000. Alight Capital Management LP raised its position in shares of Datadog by 100.0% during the fourth quarter. Alight Capital Management LP now owns 40,000 shares of the company's stock valued at $5,716,000 after buying an additional 20,000 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Datadog by 417.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after buying an additional 259 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DDOG shares. Wolfe Research lowered shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. UBS Group lifted their target price on Datadog from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Guggenheim restated a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Citigroup decreased their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company decreased their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Datadog has an average rating of "Moderate Buy" and an average target price of $141.54.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This trade represents a 25.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the sale, the chief executive officer now directly owns 435,793 shares in the company, valued at $47,745,481.08. This trade represents a 19.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 559,867 shares of company stock worth $57,550,902. 11.78% of the stock is currently owned by company insiders.

Datadog Trading Up 3.4%

Datadog stock traded up $3.89 during midday trading on Tuesday, reaching $117.31. 6,349,390 shares of the stock traded hands, compared to its average volume of 4,341,449. The company has a 50-day simple moving average of $100.17 and a two-hundred day simple moving average of $125.76. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a market cap of $40.21 billion, a PE ratio of 230.02, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same period last year, the business posted $0.44 EPS. Datadog's revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current 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.