LA Financiere DE L Echiquier Acquires 10,200 Shares of Datadog, Inc. (NASDAQ:DDOG)

LA Financiere DE L Echiquier boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 354,200 shares of the company's stock after buying an additional 10,200 shares during the period. Datadog makes up approximately 2.0% of LA Financiere DE L Echiquier's holdings, making the stock its 16th largest holding. LA Financiere DE L Echiquier owned approximately 0.11% of Datadog worth $42,993,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Meeder Advisory Services Inc. purchased a new stake in Datadog during the 4th quarter valued at $266,000. Zweig DiMenna Associates LLC increased its stake in Datadog by 22.2% in the fourth quarter. Zweig DiMenna Associates LLC now owns 73,550 shares of the company's stock worth $8,927,000 after purchasing an additional 13,350 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Datadog by 5.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 359,927 shares of the company's stock worth $43,688,000 after purchasing an additional 18,411 shares during the period. Fulton Bank N.A. increased its stake in Datadog by 1.6% in the fourth quarter. Fulton Bank N.A. now owns 10,563 shares of the company's stock worth $1,282,000 after purchasing an additional 164 shares during the period. Finally, Capital Insight Partners LLC increased its stake in Datadog by 11.3% in the fourth quarter. Capital Insight Partners LLC now owns 3,178 shares of the company's stock worth $386,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on DDOG shares. Wolfe Research increased their target price on Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Mizuho increased their target price on Datadog from $108.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Robert W. Baird increased their target price on Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. BMO Capital Markets restated an "outperform" rating and set a $155.00 price target (up previously from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Finally, Barclays raised their price target on Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $130.33.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 10,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,879,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Olivier Pomel sold 10,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,879,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Adam Blitzer sold 20,892 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the transaction, the chief operating officer now owns 203,503 shares of the company's stock, valued at $26,166,415.74. The disclosure for this sale can be found here. Insiders sold a total of 730,390 shares of company stock worth $93,147,705 over the last three months. 14.97% of the stock is currently owned by insiders.

Datadog Stock Up 1.1 %

NASDAQ DDOG traded up $1.36 during trading on Monday, hitting $125.76. The company's stock had a trading volume of 1,475,441 shares, compared to its average volume of 4,146,759. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market cap of $41.74 billion, a PE ratio of 1,048.00 and a beta of 1.16. The business's 50 day simple moving average is $126.66 and its 200-day simple moving average is $113.81. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million during the quarter, compared to analysts' expectations of $568.73 million. During the same period last year, the business posted ($0.08) earnings per share. The company's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

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.