Lbp Am Sa Acquires 120,343 Shares of Datadog, Inc. (NASDAQ:DDOG)

LBP AM SA increased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 40.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,805 shares of the company's stock after buying an additional 120,343 shares during the period. LBP AM SA owned 0.12% of Datadog worth $41,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after purchasing an additional 92 shares during the last quarter. YANKCOM Partnership grew its stake 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 grew its stake 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. Corient Private Wealth LLC grew its stake in shares of Datadog by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 13,118 shares of the company's stock worth $1,874,000 after purchasing an additional 115 shares during the last quarter. Finally, State of Wyoming grew its stake 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. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Down 3.7%

NASDAQ DDOG traded down $5.26 during mid-day trading on Thursday, reaching $137.49. The stock had a trading volume of 9,699,587 shares, compared to its average volume of 4,975,381. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The stock has a market cap of $47.48 billion, a PE ratio of 298.90, a price-to-earnings-growth ratio of 78.97 and a beta of 1.03. The company has a fifty day moving average price of $123.32 and a 200 day moving average price of $120.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share 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 company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period in the previous year, the business earned $0.44 EPS. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. On average, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 23,058 shares of Datadog stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $130.87, for a total value of $3,017,600.46. Following the completion of the sale, the director owned 31,298 shares of the company's stock, valued at approximately $4,095,969.26. The trade was a 42.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $120.86, for a total transaction of $956,727.76. Following the completion of the sale, the director directly owned 388,205 shares of the company's stock, valued at approximately $46,918,456.30. This trade represents a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 866,806 shares of company stock worth $104,910,027 in the last 90 days. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on DDOG shares. Wells Fargo & Company cut their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Guggenheim reaffirmed a "sell" rating and set a $105.00 price objective on shares of Datadog in a research report on Tuesday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $134.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Canaccord Genuity Group cut their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial cut their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $144.27.

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.