Slow Capital Inc. Has $5.98 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Slow Capital Inc. lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 124.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,223 shares of the company's stock after acquiring an additional 33,332 shares during the period. Slow Capital Inc.'s holdings in Datadog were worth $5,975,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DDOG. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after acquiring an additional 3,760 shares during the period. LBP AM SA raised its stake in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares during the period. Berkshire Capital Holdings Inc. raised its stake in shares of Datadog by 731,900.0% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 73,200 shares of the company's stock valued at $10,460,000 after purchasing an additional 73,190 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Datadog in the 4th quarter valued at approximately $314,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 23,058 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $130.87, for a total value of $3,017,600.46. Following the sale, the director directly owned 31,298 shares of the company's stock, valued at $4,095,969.26. This trade represents a 42.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Sean Michael Walters sold 9,469 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the completion of the sale, the executive owned 212,324 shares in the company, valued at approximately $31,848,600. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 866,806 shares of company stock worth $104,910,027 in the last three months. Company insiders own 8.70% of the company's stock.

Datadog Price Performance

NASDAQ:DDOG traded down $1.20 during trading hours on Wednesday, reaching $139.36. 4,037,821 shares of the company were exchanged, compared to its average volume of 5,966,803. The company has a market capitalization of $48.13 billion, a P/E ratio of 302.96, a P/E/G ratio of 76.33 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 business has a 50 day moving average of $125.32 and a 200 day moving average of $120.62.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) 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 analyst estimates of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. Datadog's quarterly 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. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. Barclays lifted their target price on Datadog from $125.00 to $128.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Stifel Nicolaus lifted their target price on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. Finally, UBS Group boosted their price target on Datadog from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four 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 an average target price of $145.34.

About Datadog

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.