Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its stake in Datadog, acquiring additional shares, which brought its holdings to 86,046 shares worth approximately $8.54 million.
• Datadog's recent earnings report showed an earnings per share (EPS) of $0.46, surpassing analysts' expectations and resulting in a 24.6% revenue increase year-over-year.
• Despite recent activity from analysts adjusting target prices, the majority remain optimistic with an average rating of "Moderate Buy" and a price target of $146.79.

Fiera Capital Corp raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,046 shares of the company's stock after purchasing an additional 7,386 shares during the period. Fiera Capital Corp's holdings in Datadog were worth $8,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Emerald Advisers LLC increased its position in Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership increased 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 purchasing an additional 99 shares during the last quarter. SageView Advisory Group LLC increased its position in Datadog by 4.9% during the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock worth $311,000 after purchasing an additional 101 shares during the last quarter. State of Wyoming increased its position in Datadog by 3.7% during the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after purchasing an additional 117 shares during the last quarter. Finally, Forum Financial Management LP increased its position in Datadog by 6.1% during the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after purchasing an additional 118 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDOG. Royal Bank Of Canada reiterated an "outperform" rating and set a $119.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Scotiabank set a $130.00 price target on shares of Datadog and gave the company an "outperform" rating in a research report on Wednesday, May 7th. DA Davidson lifted their price target on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group lifted their price target on shares of Datadog from $140.00 to $165.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $146.79.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 9,469 shares of Datadog stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total value of $1,420,350.00. Following the transaction, the executive directly owned 212,324 shares of the company's stock, valued at $31,848,600. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $147.43, for a total transaction of $2,211,450.00. Following the completion of the transaction, the chief financial officer directly owned 399,270 shares in the company, valued at $58,864,376.10. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 968,861 shares of company stock worth $119,264,653. 8.70% of the stock is owned by insiders.

Datadog Stock Down 3.1%

Shares of NASDAQ:DDOG traded down $4.38 during trading on Friday, hitting $135.60. 6,063,868 shares of the company were exchanged, compared to its average volume of 9,555,494. The stock has a market capitalization of $46.83 billion, a P/E ratio of 294.79, a PEG ratio of 76.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm's 50 day moving average price is $132.88 and its 200-day moving average price is $121.03.

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, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, research analysts predict 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.