Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,452 shares of the company's stock after purchasing an additional 4,826 shares during the quarter. Alps Advisors Inc.'s holdings in Datadog were worth $2,426,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DDOG. Capital Insight Partners LLC raised its stake in shares of Datadog by 4.0% in the 1st quarter. Capital Insight Partners LLC now owns 5,363 shares of the company's stock valued at $532,000 after buying an additional 207 shares in the last quarter. LBP AM SA raised its stake in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Datadog by 5.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 12,549 shares of the company's stock valued at $1,245,000 after buying an additional 695 shares in the last quarter. Finally, Robocap Asset Management Ltd raised its stake in shares of Datadog by 16.8% in the 1st quarter. Robocap Asset Management Ltd now owns 59,960 shares of the company's stock valued at $5,949,000 after buying an additional 8,614 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Transactions 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 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 directly owned 212,324 shares in the company, valued at $31,848,600. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 32,924 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $146.05, for a total transaction of $4,808,550.20. Following the transaction, the chief executive officer owned 548,715 shares in the company, valued at $80,139,825.75. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 866,806 shares of company stock valued at $104,910,027. 8.70% of the stock is owned by insiders.

Datadog Stock Performance

Shares of Datadog stock traded up $2.67 on Tuesday, hitting $141.47. 2,087,010 shares of the company's stock were exchanged, compared to its average volume of 4,987,425. The company has a 50-day simple moving average of $124.63 and a 200-day simple moving average of $120.48. The stock has a market capitalization of $48.85 billion, a PE ratio of 306.60, a PEG ratio of 75.99 and a beta of 1.03. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly 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 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 quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson boosted their target price on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Rosenblatt Securities decreased their target price on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $134.00 price target on shares of Datadog in a report on Wednesday, May 7th. Finally, Scotiabank set a $130.00 price target on shares of Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.27.

Datadog 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.