Asset Management One Co. Ltd. Increases Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Asset Management One Co. Ltd. increased its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,240 shares of the company's stock after acquiring an additional 5,950 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Datadog were worth $10,838,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on DDOG shares. Bank of America boosted their price target on shares of Datadog from $138.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Rosenblatt Securities decreased their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research report on Thursday, June 12th. Macquarie decreased their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group upped their target price on shares of Datadog from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $143.03.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 23,058 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $130.87, for a total transaction of $3,017,600.46. Following the sale, the director now directly owns 31,298 shares in the company, valued at approximately $4,095,969.26. This represents a 42.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the sale, the chief technology officer now owns 466,535 shares in the company, valued at $49,373,399.05. The trade was a 21.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 901,778 shares of company stock worth $103,817,113. Company insiders own 8.70% of the company's stock.

Datadog Stock Up 0.7%

Shares of DDOG stock traded up $0.96 during trading hours on Friday, reaching $132.08. 4,555,442 shares of the stock were exchanged, compared to its average volume of 4,437,181. The business's fifty day moving average is $114.44 and its two-hundred day moving average is $121.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a market capitalization of $45.61 billion, a P/E ratio of 287.14, a P/E/G ratio of 72.05 and a beta of 1.01.

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