Exane Asset Management Takes $3.53 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Exane Asset Management acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,953 shares of the company's stock, valued at approximately $3,531,000. Datadog makes up approximately 2.0% of Exane Asset Management's portfolio, making the stock its 12th largest position.

Several other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares in the last quarter. YANKCOM Partnership increased its position in Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after buying an additional 99 shares in the last quarter. SageView Advisory Group LLC increased its position in Datadog by 4.9% in the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after buying an additional 101 shares in the last quarter. Corient Private Wealth LLC increased its position in Datadog by 0.9% in the 4th quarter. Corient Private Wealth LLC now owns 13,118 shares of the company's stock valued at $1,874,000 after buying an additional 115 shares in the last quarter. Finally, State of Wyoming increased its position in Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after buying an additional 117 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of Datadog stock traded down $5.26 during trading on Thursday, hitting $137.49. 9,620,023 shares of the stock traded hands, compared to its average volume of 5,971,232. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The stock has a market cap of $47.48 billion, a price-to-earnings ratio of 298.90, a PEG ratio of 80.73 and a beta of 1.03. The firm's fifty day moving average is $122.70 and its 200-day moving average is $121.06. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The company's revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, CRO Sean Michael Walters sold 9,469 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $150.00, for a total value of $1,420,350.00. Following the completion of the sale, the executive owned 212,324 shares in the company, valued at approximately $31,848,600. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $120.86, for a total value of $956,727.76. Following the completion of the sale, the director owned 388,205 shares of the company's stock, valued at $46,918,456.30. The trade was a 2.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 866,806 shares of company stock valued at $104,910,027. Insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent research reports. Bank of America upped their price target on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley upped their price target on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday. Macquarie cut their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.27.

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.