Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,558 shares of the company's stock after purchasing an additional 4,276 shares during the period. IFM Investors Pty Ltd's holdings in Datadog were worth $5,313,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in shares of Datadog during the fourth quarter worth approximately $32,000. Elequin Capital LP purchased a new stake in shares of Datadog in the 4th quarter worth about $34,000. Coppell Advisory Solutions LLC increased its holdings in shares of Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Datadog in the 4th quarter worth about $43,000. Finally, Itau Unibanco Holding S.A. grew its position in Datadog by 417.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after purchasing an additional 259 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In related news, CFO David M. Obstler sold 35,016 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $117.40, for a total transaction of $4,110,878.40. Following the transaction, the chief financial officer directly owned 399,270 shares in the company, valued at approximately $46,874,298. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 818,882 shares of company stock worth $98,072,727 over the last quarter. Company insiders own 8.70% of the company's stock.

Datadog Stock Down 4.2%

Shares of NASDAQ:DDOG traded down $6.47 during trading hours on Tuesday, hitting $145.94. The company's stock had a trading volume of 86,373,732 shares, compared to its average volume of 4,925,904. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm's fifty day moving average price is $121.01 and its 200 day moving average price is $120.73. The company has a market capitalization of $50.40 billion, a price-to-earnings ratio of 317.27, a P/E/G ratio of 85.83 and a beta of 1.03. 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 (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $741.73 million. During the same quarter last year, the firm earned $0.44 EPS. The business's quarterly revenue was up 24.6% on a year-over-year basis. As a group, research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial reduced their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a report on Monday, March 31st. Royal Bank Of Canada restated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Scotiabank set a $130.00 target price on shares of Datadog and gave the company an "outperform" rating in a research note on Wednesday, May 7th. BTIG Research set a $136.00 price target on Datadog and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.