Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Vident Advisory LLC

Vident Advisory LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,983 shares of the company's stock after purchasing an additional 21,171 shares during the period. Vident Advisory LLC's holdings in Datadog were worth $6,856,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Coppell Advisory Solutions LLC lifted its position in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Datadog in the fourth quarter valued at approximately $43,000. Itau Unibanco Holding S.A. lifted its position in shares of Datadog by 417.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after acquiring an additional 259 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new position in shares of Datadog in the fourth quarter valued at approximately $48,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares of the company's stock, valued at $37,986,009.75. The trade was a 25.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Sean Michael Walters sold 8,454 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares of the company's stock, valued at $18,966,276.84. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 584,867 shares of company stock valued at $60,517,652. 11.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DDOG shares. Canaccord Genuity Group decreased their target price on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company decreased their target price 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. Royal Bank of Canada restated an "outperform" rating and issued a $119.00 target price on shares of Datadog in a research report on Wednesday, May 7th. DA Davidson raised their target price on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, JMP Securities restated a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.54.

Datadog Stock Down 1.0%

NASDAQ:DDOG opened at $116.46 on Tuesday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a market capitalization of $40.22 billion, a P/E ratio of 228.36, a P/E/G ratio of 44.03 and a beta of 1.12. The stock's fifty day moving average is $101.39 and its two-hundred day moving average is $125.45.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.28% and a net margin of 6.85%. The business had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company's revenue was up 24.6% on a year-over-year basis. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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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