Generali Investments Towarzystwo Funduszy Inwestycyjnych Has $3.37 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Key Points

• Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in Datadog by 58.1%, acquiring an additional 12,500 shares, which now represents 2.1% of its investment portfolio valued at approximately $3.37 million.
• Hedge funds collectively own 78.29% of Datadog's stock, with significant increases in holdings reported by firms like Brown Advisory Inc. and Baillie Gifford & Co.
• Datadog's stock is currently valued at $135.60 and has experienced a 3.1% decline; the company recently reported a revenue increase of 24.6% and earnings per share of $0.46, exceeding estimates.

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 58.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,000 shares of the company's stock after buying an additional 12,500 shares during the quarter. Datadog comprises approximately 2.1% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's investment portfolio, making the stock its 12th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Datadog were worth $3,373,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Putney Financial Group LLC bought a new stake in shares of Datadog in the fourth quarter worth $32,000. Elequin Capital LP bought a new stake in shares of Datadog in the fourth quarter worth $34,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Datadog in the first quarter worth $37,000. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of DDOG traded down $4.27 during mid-day trading on Tuesday, reaching $134.86. The company had a trading volume of 1,360,708 shares, compared to its average volume of 5,801,087. The company's 50 day simple moving average is $133.79 and its 200 day simple moving average is $120.76. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market capitalization of $46.57 billion, a price-to-earnings ratio of 293.18, a P/E/G ratio of 74.44 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly 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 5.85% and a return on equity of 6.39%. The company had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same period last year, the company posted $0.44 EPS. The firm's quarterly revenue was up 24.6% compared to the same quarter last year. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $150.82, for a total transaction of $1,688,429.90. Following the sale, the chief executive officer directly owned 548,715 shares in the company, valued at $82,757,196.30. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the sale, the chief technology officer owned 452,769 shares in the company, valued at approximately $63,057,138.63. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 968,861 shares of company stock worth $119,264,653 in the last quarter. Corporate insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Datadog from $134.00 to $171.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Jefferies Financial Group upped their price target on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday. Mizuho upped their price target on shares of Datadog from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Scotiabank set a $130.00 price target on shares of Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, DA Davidson upped their price target on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $147.66.

Datadog 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.