Jefferies Financial Group Inc. Boosts Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Key Points

• Jefferies Financial Group Inc. significantly increased its holdings in Datadog, Inc. by 253.6%, acquiring an additional 11,997 shares to own a total of 16,727 shares worth approximately $1.66 million.
• Insider trading activity is notable, with Director Amit Agarwal and CTO Alexis Le-Quoc selling a combined total of 152,105 shares over recent transactions, resulting in significant reductions in their stakes.
• Analysts have mixed ratings for Datadog with a consensus of "Moderate Buy" and a target price of $146.79, while the company reported $761.55 million in revenue for the last quarter, reflecting a 24.6% year-over-year increase.

Jefferies Financial Group Inc. lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 253.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,727 shares of the company's stock after purchasing an additional 11,997 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Datadog were worth $1,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. North Star Asset Management Inc. increased its stake in Datadog by 4.0% in the 1st quarter. North Star Asset Management Inc. now owns 73,938 shares of the company's stock worth $7,335,000 after acquiring an additional 2,876 shares during the last quarter. First National Trust Co increased its stake in Datadog by 23.3% in the 1st quarter. First National Trust Co now owns 3,383 shares of the company's stock worth $336,000 after acquiring an additional 640 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of Datadog by 299.9% during the 1st quarter. Bayforest Capital Ltd now owns 4,027 shares of the company's stock valued at $400,000 after purchasing an additional 3,020 shares during the last quarter. XTX Topco Ltd increased its position in shares of Datadog by 1,275.7% during the 1st quarter. XTX Topco Ltd now owns 25,918 shares of the company's stock valued at $2,571,000 after purchasing an additional 24,034 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Datadog during the 1st quarter valued at about $674,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays increased their target price on Datadog from $128.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Guggenheim restated a "sell" rating and set a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Macquarie dropped their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Needham & Company LLC set a $140.00 target price on Datadog and gave the company a "buy" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average price target of $148.86.

Datadog Stock Performance

DDOG stock traded down $6.19 during midday trading on Tuesday, reaching $132.94. The stock had a trading volume of 5,545,908 shares, compared to its average volume of 9,222,661. The stock has a market cap of $45.91 billion, a PE ratio of 289.01, a P/E/G ratio of 76.51 and a beta of 1.02. 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 has a fifty day simple moving average of $133.79 and a two-hundred day simple moving average of $120.76. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,924 shares of Datadog stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the sale, the director directly owned 380,281 shares in the company, valued at approximately $53,543,564.80. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the completion of the transaction, the chief technology officer directly owned 452,769 shares in the company, valued at $63,057,138.63. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 968,861 shares of company stock worth $119,264,653 in the last three months. Company 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.