Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,378,855 shares of the company's stock after purchasing an additional 124,317 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.40% of Datadog worth $136,796,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Emerald Advisers LLC raised its holdings in Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after acquiring an additional 97 shares during the period. YANKCOM Partnership increased its holdings in shares of Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after purchasing an additional 99 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of Datadog by 4.9% in the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock worth $311,000 after purchasing an additional 101 shares during the last quarter. State of Wyoming increased its holdings in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after purchasing an additional 117 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after purchasing an additional 118 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DDOG. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Stifel Nicolaus lifted their price target on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Finally, Canaccord Genuity Group set a $160.00 price target on Datadog and gave the stock a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $152.93.

Datadog Trading Up 1.6%

Shares of NASDAQ DDOG traded up $2.02 during trading hours on Friday, reaching $126.54. The stock had a trading volume of 1,296,464 shares, compared to its average volume of 5,934,977. The firm has a market cap of $43.70 billion, a price-to-earnings ratio of 361.55, a P/E/G ratio of 61.60 and a beta of 1.02. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a current ratio of 3.43, a quick ratio of 2.74 and a debt-to-equity ratio of 0.31. The business's fifty day moving average price is $135.84 and its two-hundred day moving average price is $120.53.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total value of $15,247,515.80. Following the completion of the transaction, the chief technology officer owned 452,769 shares of the company's stock, valued at $54,314,169.24. The trade was a 21.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is currently owned by corporate insiders.

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.