Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Keybank National Association OH

Keybank National Association OH lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 36.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,323 shares of the company's stock after buying an additional 3,567 shares during the period. Keybank National Association OH's holdings in Datadog were worth $1,322,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DDOG. Putney Financial Group LLC acquired a new stake in Datadog during the fourth quarter worth about $32,000. Elequin Capital LP purchased a new stake in Datadog during the fourth quarter worth $34,000. Opal Wealth Advisors LLC purchased a new position in Datadog in the 1st quarter valued at about $37,000. Center for Financial Planning Inc. lifted its holdings in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Datadog by 74.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company's stock worth $38,000 after purchasing an additional 162 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 0.7%

Shares of Datadog stock traded down $1.16 on Monday, reaching $153.99. 4,891,286 shares of the company were exchanged, compared to its average volume of 4,556,638. The company has a market cap of $53.18 billion, a P/E ratio of 335.36, a price-to-earnings-growth ratio of 85.83 and a beta of 1.03. The stock's 50 day moving average price is $120.00 and its 200-day moving average price is $120.71. 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.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share 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 company had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. During the same period last year, the firm earned $0.44 earnings per share. Datadog's quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $120.86, for a total value of $956,727.76. Following the completion of the transaction, the director owned 388,205 shares in the company, valued at approximately $46,918,456.30. This represents a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $130.25, for a total transaction of $1,953,750.00. Following the sale, the chief financial officer owned 399,270 shares in the company, valued at $52,004,917.50. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 794,413 shares of company stock valued at $94,440,927 over the last 90 days. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DDOG shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Macquarie decreased their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Barclays lifted their price objective on Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Bank of America upped their target price on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday. Finally, BTIG Research set a $136.00 price target on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to data from MarketBeat, Datadog has an average rating of "Moderate Buy" and a consensus price target of $143.90.

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.