Tempus Wealth Planning LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Key Points

• Tempus Wealth Planning LLC has acquired 2,904 shares of Datadog, Inc. for approximately $288,000, as detailed in their recent SEC filing.
• Numerous hedge funds have increased their positions in Datadog, with institutional investors now holding 78.29% of the company's stock.
• Datadog's stock has seen fluctuations in target prices from analysts, with a consensus price target currently set at $146.79 and an average rating of "Moderate Buy."

Tempus Wealth Planning LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,904 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Emerald Advisers LLC lifted its stake in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after buying an additional 97 shares in the last quarter. YANKCOM Partnership lifted its stake in Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after buying an additional 99 shares in the last quarter. SageView Advisory Group LLC lifted its stake in Datadog by 4.9% in the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after buying an additional 101 shares in the last quarter. State of Wyoming lifted its stake in Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after buying an additional 117 shares in the last quarter. Finally, Forum Financial Management LP lifted its stake in Datadog by 6.1% in the 1st quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock valued at $202,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Up 2.2%

Shares of Datadog stock traded up $3.28 on Friday, hitting $149.84. The company had a trading volume of 4,923,366 shares, compared to its average volume of 10,657,659. The firm has a market capitalization of $51.75 billion, a P/E ratio of 325.75, a P/E/G ratio of 82.40 and a beta of 1.03. Datadog, Inc. has a twelve month low of $81.63 and a twelve month 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. The stock has a 50-day moving average of $130.32 and a 200-day moving average of $120.69.

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

Insider Transactions at Datadog

In other Datadog news, CFO David M. Obstler sold 15,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $147.43, for a total value of $2,211,450.00. Following the transaction, the chief financial officer directly owned 399,270 shares of the company's stock, valued at $58,864,376.10. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the completion of the transaction, the chief technology officer directly owned 452,769 shares in the company, valued at approximately $63,057,138.63. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 957,666 shares of company stock valued at $117,576,223. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DDOG has been the topic of several research analyst reports. UBS Group increased their price target on shares of Datadog from $140.00 to $165.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Scotiabank set a $130.00 price objective on shares of Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald increased their target price on shares of Datadog from $134.00 to $171.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Macquarie dropped their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Rosenblatt Securities decreased their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.79.

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.