Penserra Capital Management LLC Has $532,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Penserra Capital Management LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,379 shares of the company's stock after selling 2,259 shares during the quarter. Penserra Capital Management LLC's holdings in Datadog were worth $532,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DDOG. Brighton Jones LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $209,000. Atria Investments Inc grew its stake in shares of Datadog by 30.1% during the fourth quarter. Atria Investments Inc now owns 6,246 shares of the company's stock worth $892,000 after purchasing an additional 1,444 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Datadog during the fourth quarter worth $14,884,000. Edgestream Partners L.P. acquired a new stake in shares of Datadog during the fourth quarter worth $583,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Datadog by 37.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,192 shares of the company's stock worth $2,599,000 after purchasing an additional 4,989 shares during the period. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Rosenblatt Securities reduced their target price on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Morgan Stanley lifted their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday. BTIG Research set a $136.00 target price on Datadog and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Thursday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.27.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the sale, the chief technology officer owned 466,535 shares of the company's stock, valued at $49,373,399.05. This represents a 21.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Jacobson sold 47,306 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $107.40, for a total value of $5,080,664.40. Following the sale, the director directly owned 25,468 shares in the company, valued at $2,735,263.20. This represents a 65.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 866,806 shares of company stock valued at $104,910,027 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

Datadog Stock Performance

Shares of Datadog stock traded up $1.44 on Monday, hitting $138.81. The stock had a trading volume of 6,464,934 shares, compared to its average volume of 4,998,404. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The business's 50 day moving average is $123.97 and its two-hundred day moving average is $120.53. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 301.77, a price-to-earnings-growth ratio of 75.99 and a beta of 1.03.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $741.73 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The firm's revenue for the quarter was up 24.6% on a year-over-year basis. Analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.