Datadog, Inc. (NASDAQ:DDOG) Stock Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 58.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 966,772 shares of the company's stock after acquiring an additional 356,246 shares during the quarter. Allianz Asset Management GmbH owned 0.28% of Datadog worth $95,918,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC purchased a new stake in shares of Datadog during the 4th quarter worth about $32,000. Elequin Capital LP purchased a new position in Datadog in the 4th quarter worth approximately $34,000. Coppell Advisory Solutions LLC increased its holdings in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after buying an additional 177 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $43,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Datadog from $128.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday. Cantor Fitzgerald lifted their price objective on shares of Datadog from $134.00 to $171.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Guggenheim reaffirmed a "sell" rating and set a $105.00 price objective on shares of Datadog in a research report on Tuesday, July 8th. Mizuho boosted their price target on shares of Datadog from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Canaccord Genuity Group reduced their price target on shares of Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, Datadog has an average rating of "Moderate Buy" and a consensus target price of $146.79.

Datadog Trading Up 2.1%

Shares of DDOG stock traded up $3.00 during mid-day trading on Thursday, reaching $147.00. The company's stock had a trading volume of 1,910,957 shares, compared to its average volume of 5,868,338. The company's 50 day simple moving average is $129.09 and its 200-day simple moving average is $120.78. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. 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 firm has a market capitalization of $50.77 billion, a PE ratio of 319.48, a price-to-earnings-growth ratio of 79.68 and a beta of 1.03.

Datadog (NASDAQ:DDOG - Get Free Report) last issued 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. The business had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. On average, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, CRO Sean Michael Walters sold 9,469 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the completion of the sale, the executive directly owned 212,324 shares of the company's stock, valued at approximately $31,848,600. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Obstler sold 15,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $147.43, for a total transaction of $2,211,450.00. Following the sale, the chief financial officer directly owned 399,270 shares of the company's stock, valued at approximately $58,864,376.10. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 957,666 shares of company stock worth $117,576,223. 8.70% of the stock is currently owned by insiders.

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.