Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Covea Finance

Covea Finance boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,400 shares of the company's stock after acquiring an additional 4,000 shares during the period. Covea Finance's holdings in Datadog were worth $3,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP lifted its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after acquiring an additional 75 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 buying an additional 92 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after buying an additional 94 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of Datadog by 2.1% in the fourth quarter. Kovack Advisors Inc. now owns 4,899 shares of the company's stock worth $700,000 after buying an additional 100 shares during the last quarter. Finally, SageView Advisory Group LLC raised its holdings 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 buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of DDOG stock traded down $2.54 on Friday, reaching $127.50. 5,223,224 shares of the company were exchanged, compared to its average volume of 4,431,602. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 277.18, a P/E/G ratio of 70.67 and a beta of 1.01. The business has a 50-day moving average price of $111.36 and a 200 day moving average price of $122.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. 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 released its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DDOG. DA Davidson raised their price target on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 target price on shares of Datadog in a report on Wednesday, May 7th. Macquarie reduced their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Rosenblatt Securities reduced their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Datadog in a report on Tuesday, May 6th. Six analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.52.

Insider Transactions at Datadog

In related news, CFO David M. Obstler sold 20,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $125.25, for a total transaction of $2,505,000.00. Following the completion of the sale, the chief financial officer now owns 399,270 shares of the company's stock, valued at approximately $50,008,567.50. This represents a 4.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 9,468 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,183,500.00. Following the sale, the executive now directly owns 221,793 shares of the company's stock, valued at approximately $27,724,125. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 762,966 shares of company stock valued at $85,558,325 over the last 90 days. Corporate insiders own 8.70% of the company's stock.

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.