1,957 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC has acquired a new stake in Datadog, purchasing 1,957 shares valued at approximately $207,000.
• Large investors such as Goldman Sachs and Janus Henderson significantly increased their holdings in Datadog, with Goldman Sachs raising its position by 259.7%.
• Datadog reported a 28.1% year-over-year revenue increase in its latest quarterly earnings, with an EPS of $0.46 exceeding analyst expectations.

Chicago Partners Investment Group LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,957 shares of the company's stock, valued at approximately $207,000.

Several other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after acquiring an additional 3,760 shares in the last quarter. LBP AM SA grew its holdings in Datadog by 40.2% during the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares during the period. Envestnet Asset Management Inc. grew its holdings in Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. Total Wealth Planning & Management Inc. acquired a new position in shares of Datadog in the fourth quarter valued at approximately $314,000. Finally, Soros Fund Management LLC lifted its position in shares of Datadog by 14.3% in the fourth quarter. Soros Fund Management LLC now owns 192,190 shares of the company's stock worth $27,462,000 after purchasing an additional 24,100 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,924 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the completion of the sale, the director owned 380,281 shares of the company's stock, valued at $53,543,564.80. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 9,469 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $31,848,600. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 846,051 shares of company stock valued at $107,936,283 over the last 90 days. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Guggenheim reaffirmed a "sell" rating and set a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. Monness Crespi & Hardt raised their price target on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Canaccord Genuity Group raised their price objective on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and set a $119.00 price target on shares of Datadog in a report on Wednesday, May 7th. Finally, DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.93.

Datadog Stock Performance

Datadog stock traded up $2.73 during midday trading on Friday, reaching $127.25. The stock had a trading volume of 4,565,628 shares, compared to its average volume of 5,961,600. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm's 50-day moving average price is $135.95 and its 200 day moving average price is $120.36. The firm has a market capitalization of $44.38 billion, a PE ratio of 363.58, a P/E/G ratio of 59.60 and a beta of 1.02. The company has a quick ratio of 2.74, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

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