3,500 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,500 shares of the company's stock, valued at approximately $347,000.

Other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC bought a new stake in shares of Datadog during the fourth quarter worth $32,000. Elequin Capital LP acquired a new position in Datadog in the 4th quarter worth $34,000. Opal Wealth Advisors LLC bought a new position in Datadog during the 1st quarter worth about $37,000. Center for Financial Planning Inc. raised its stake in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Datadog by 74.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company's stock valued at $38,000 after purchasing an additional 162 shares during the period. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $131.12 on Friday. The business's 50 day moving average price is $114.44 and its two-hundred day moving average price is $121.71. The company has a market cap of $45.28 billion, a PE ratio of 285.05, a price-to-earnings-growth ratio of 72.05 and a beta of 1.01. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The business's revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DDOG shares. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Thursday, June 12th. Macquarie cut their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Scotiabank set a $130.00 price target on Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Barclays raised their price target on shares of Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Six analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $143.03.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. This trade represents a 16.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 5,099 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $116.84, for a total value of $595,767.16. Following the completion of the sale, the general counsel now owns 115,490 shares of the company's stock, valued at $13,493,851.60. This trade represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 901,778 shares of company stock worth $103,817,113 over the last ninety days. Insiders own 8.70% of the company's stock.

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.

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