Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 32.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,226 shares of the company's stock after purchasing an additional 2,012 shares during the quarter. Janney Montgomery Scott LLC's holdings in Datadog were worth $816,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC purchased a new stake in Datadog in the 4th quarter worth approximately $32,000. Elequin Capital LP purchased a new stake in Datadog in the 4th quarter worth approximately $34,000. Opal Wealth Advisors LLC purchased a new stake in Datadog in the 1st quarter worth approximately $37,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Datadog by 74.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company's stock worth $38,000 after buying an additional 162 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its holdings in Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after buying an additional 177 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO David M. Obstler sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $130.25, for a total value of $1,953,750.00. Following the completion of the sale, the chief financial officer owned 399,270 shares of the company's stock, valued at approximately $52,004,917.50. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Sean Michael Walters sold 9,468 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,183,500.00. Following the completion of the sale, the executive directly owned 221,793 shares of the company's stock, valued at $27,724,125. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 901,778 shares of company stock worth $103,817,113. 8.70% of the stock is currently owned by insiders.

Datadog Trading Up 15.2%

NASDAQ:DDOG traded up $20.59 during trading hours on Friday, reaching $155.60. 29,996,674 shares of the company were exchanged, compared to its average volume of 4,545,313. 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 firm has a market cap of $53.73 billion, a price-to-earnings ratio of 338.26, a PEG ratio of 85.83 and a beta of 1.03. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a 50 day simple moving average of $118.92 and a 200 day simple moving average of $121.10.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same quarter last year, the firm posted $0.44 EPS. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DDOG. Macquarie decreased their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Truist Financial reduced their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Finally, DA Davidson raised their price objective on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.03.

Datadog 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.