Compagnie Lombard Odier SCmA Grows Position in Datadog, Inc. (NASDAQ:DDOG)

Compagnie Lombard Odier SCmA grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,127 shares of the company's stock after buying an additional 70,232 shares during the quarter. Compagnie Lombard Odier SCmA owned approximately 0.13% of Datadog worth $44,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DDOG. Wealth Enhancement Advisory Services LLC boosted its stake in Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after buying an additional 3,760 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Datadog during the 4th quarter worth approximately $14,884,000. ARK Investment Management LLC lifted its stake in shares of Datadog by 62.7% during the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock worth $18,188,000 after acquiring an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after acquiring an additional 30,998 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after acquiring an additional 1,484,562 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup decreased their target price on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Truist Financial decreased their target price on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Thursday. Finally, Scotiabank set a $130.00 target price on Datadog and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and a consensus price target of $142.25.

Insider Activity

In related news, General Counsel Kerry Acocella sold 5,099 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $116.84, for a total transaction of $595,767.16. Following the sale, the general counsel now owns 115,490 shares of the company's stock, valued at $13,493,851.60. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated 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 completion of the transaction, the chief technology officer now directly owns 466,535 shares of the company's stock, valued at $49,373,399.05. This trade represents a 21.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 700,582 shares of company stock worth $77,926,597. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Up 3.4%

DDOG stock traded up $4.05 during trading on Thursday, reaching $122.68. The stock had a trading volume of 4,949,838 shares, compared to its average volume of 4,403,391. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company's 50 day moving average is $106.65 and its two-hundred day moving average is $124.02. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 240.55, a P/E/G ratio of 44.03 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, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period in the prior year, the firm earned $0.44 EPS. The company's revenue was up 24.6% 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.

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.