Datadog, Inc. (NASDAQ:DDOG) Shares Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 315.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,036 shares of the company's stock after purchasing an additional 27,364 shares during the period. SBI Securities Co. Ltd.'s holdings in Datadog were worth $3,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Datadog by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company's stock valued at $4,337,316,000 after purchasing an additional 220,527 shares in the last quarter. Groupama Asset Managment lifted its holdings in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock valued at $943,074,000 after purchasing an additional 5,299,688 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Datadog by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock worth $811,076,000 after buying an additional 499,055 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after buying an additional 2,103,838 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,476,279 shares of the company's stock worth $639,616,000 after buying an additional 625,429 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DDOG has been the topic of several research reports. UBS Group raised their price target on shares of Datadog from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Canaccord Genuity Group decreased their price target on shares of Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $134.00 target price on shares of Datadog in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 target price on shares of Datadog in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and an average target price of $144.27.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the completion of the sale, the chief technology officer owned 466,535 shares of the company's stock, valued at approximately $49,373,399.05. This represents a 21.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at approximately $66,784,102.65. This trade represents a 16.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 866,806 shares of company stock worth $104,910,027. 8.70% of the stock is currently owned by insiders.

Datadog Trading Down 0.1%

Shares of DDOG stock opened at $137.37 on Monday. The firm has a market cap of $47.44 billion, a P/E ratio of 298.64, a PEG ratio of 75.99 and a beta of 1.03. 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 current ratio of 2.74 and a quick ratio of 2.74. The firm's 50-day simple moving average is $123.97 and its 200-day simple moving average is $120.53.

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 the consensus estimate of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.44 EPS. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current 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.

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