Strs Ohio Acquires Shares of 6,995 Datadog, Inc. (NASDAQ:DDOG)

Strs Ohio purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,995 shares of the company's stock, valued at approximately $849,000.

A number of other large investors also recently made changes to their positions in the company. CWM LLC increased its holdings in Datadog by 12.2% during the third quarter. CWM LLC now owns 5,289 shares of the company's stock worth $482,000 after buying an additional 574 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Datadog by 54.5% during the third quarter. Global Retirement Partners LLC now owns 649 shares of the company's stock worth $57,000 after buying an additional 229 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Datadog by 6.9% during the third quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the company's stock worth $213,000 after buying an additional 150 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Datadog by 83.6% during the third quarter. Exchange Traded Concepts LLC now owns 10,984 shares of the company's stock worth $1,001,000 after buying an additional 5,002 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Datadog by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 98,883 shares of the company's stock worth $9,007,000 after purchasing an additional 1,147 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Trading Down 1.4 %

Shares of DDOG traded down $1.82 during mid-day trading on Thursday, reaching $125.25. The company's stock had a trading volume of 2,940,251 shares, compared to its average volume of 4,033,012. The stock has a market cap of $41.57 billion, a PE ratio of 1,043.75 and a beta of 1.15. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 52 week low of $63.00 and a 52 week high of $138.61. The company's fifty day moving average price is $125.21 and its two-hundred day moving average price is $116.73.

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

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Wells Fargo & Company upgraded shares of Datadog from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $130.00 to $150.00 in a research note on Tuesday. Barclays lifted their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Wolfe Research lifted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $150.00 target price on shares of Datadog in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.70.

Insider Transactions at Datadog

In related news, insider Madre Armelle De sold 600 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares in the company, valued at approximately $12,578,245.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Olivier Pomel sold 133,315 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Madre Armelle De sold 600 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 759,908 shares of company stock worth $97,728,997. 14.97% of the stock is currently owned by insiders.

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.