DekaBank Deutsche Girozentrale Has $37.41 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

DekaBank Deutsche Girozentrale decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,045 shares of the company's stock after selling 79,465 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of Datadog worth $37,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DDOG. Robocap Asset Management Ltd raised its position in Datadog by 16.8% during the first quarter. Robocap Asset Management Ltd now owns 59,960 shares of the company's stock worth $5,949,000 after acquiring an additional 8,614 shares in the last quarter. Exane Asset Management bought a new stake in Datadog during the first quarter worth $3,531,000. Brown Advisory Inc. raised its position in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. Financial Counselors Inc. raised its position in Datadog by 3.8% during the first quarter. Financial Counselors Inc. now owns 40,558 shares of the company's stock worth $4,024,000 after acquiring an additional 1,499 shares in the last quarter. Finally, YANKCOM Partnership raised its position in Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total value of $2,925,500.00. Following the transaction, the director owned 76,052 shares in the company, valued at $8,899,605.04. The trade was a 24.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total value of $13,451,522.15. Following the completion of the transaction, the chief technology officer owned 466,535 shares in the company, valued at approximately $49,373,399.05. This represents a 21.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 833,882 shares of company stock valued at $100,101,477. Company insiders own 8.70% of the company's stock.

Datadog Stock Performance

Shares of Datadog stock opened at $142.75 on Thursday. The company has a 50 day moving average of $122.70 and a 200-day moving average of $121.06. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34. The company has a market cap of $49.30 billion, a PE ratio of 310.33, a price-to-earnings-growth ratio of 80.73 and a beta of 1.03.

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, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business's revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC set a $140.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Thursday, June 12th. Macquarie dropped their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Guggenheim restated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday. DA Davidson increased their price target on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.60.

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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