Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 76.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,853,012 shares of the company's stock after buying an additional 2,103,838 shares during the period. Brown Advisory Inc. owned approximately 1.42% of Datadog worth $481,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC bought a new stake in Datadog during the 4th quarter valued at about $209,000. Atria Investments Inc lifted its holdings in Datadog by 30.1% during the 4th quarter. Atria Investments Inc now owns 6,246 shares of the company's stock valued at $892,000 after buying an additional 1,444 shares in the last quarter. M&T Bank Corp lifted its holdings in Datadog by 2.0% during the 4th quarter. M&T Bank Corp now owns 10,322 shares of the company's stock valued at $1,475,000 after buying an additional 205 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Datadog during the 4th quarter valued at about $14,884,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in Datadog by 6.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,648 shares of the company's stock valued at $521,000 after buying an additional 228 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on DDOG shares. Wedbush reissued an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Rosenblatt Securities cut their price objective 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. Guggenheim reaffirmed a "sell" rating and issued a $105.00 price objective on shares of Datadog in a research report on Tuesday. Scotiabank set a $130.00 price objective on shares of Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.60.

Datadog Stock Performance

NASDAQ DDOG traded down $6.47 during mid-day trading on Tuesday, reaching $145.94. 86,373,732 shares of the stock were exchanged, compared to its average volume of 4,925,877. The business's 50 day moving average is $121.01 and its 200-day moving average is $120.73. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market capitalization of $50.40 billion, a P/E ratio of 317.27, a P/E/G ratio of 85.83 and a beta of 1.03. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) 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 the consensus estimate of $741.73 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the transaction, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the transaction, the chief technology officer directly owned 466,535 shares in the company, valued at approximately $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 quarter, insiders sold 818,882 shares of company stock valued at $98,072,727. 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.