Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Lbp Am Sa

LBP AM SA raised its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 40.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 419,805 shares of the company's stock after purchasing an additional 120,343 shares during the quarter. LBP AM SA owned 0.12% of Datadog worth $41,649,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DDOG. Cornerstone Planning Group LLC lifted its stake in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Datadog by 5.9% during the first quarter. Linden Thomas Advisory Services LLC now owns 12,549 shares of the company's stock worth $1,245,000 after purchasing an additional 695 shares in the last quarter. Robocap Asset Management Ltd grew its stake in Datadog by 16.8% during the 1st quarter. Robocap Asset Management Ltd now owns 59,960 shares of the company's stock valued at $5,949,000 after acquiring an additional 8,614 shares in the last quarter. Exane Asset Management acquired a new position in Datadog in the 1st quarter valued at about $3,531,000. Finally, Brown Advisory Inc. boosted its holdings in Datadog by 76.5% in the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 2.2%

Shares of NASDAQ:DDOG traded down $3.19 during trading hours on Wednesday, reaching $142.75. The stock had a trading volume of 9,049,480 shares, compared to its average volume of 4,946,966. 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 firm's 50 day moving average is $121.89 and its 200-day moving average is $120.90. The stock has a market capitalization of $49.30 billion, a price-to-earnings ratio of 310.33, a P/E/G ratio of 84.31 and a beta of 1.03. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company's revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.44 EPS. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $120.86, for a total value of $956,727.76. Following the completion of the sale, the director owned 388,205 shares in the company, valued at approximately $46,918,456.30. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 23,058 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $130.87, for a total transaction of $3,017,600.46. Following the completion of the sale, the director owned 31,298 shares of the company's stock, valued at $4,095,969.26. This trade represents a 42.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,882 shares of company stock worth $100,101,477. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Bank of America boosted their target price on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $119.00 target price on shares of Datadog in a report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $134.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Wells Fargo & Company decreased their price objective on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Finally, Canaccord Genuity Group decreased their price objective on shares of Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.60.

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.