Bank Julius Baer & Co. Ltd Zurich Has $2.88 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,721 shares of the company's stock after selling 9,231 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Datadog were worth $2,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDOG. AM Squared Ltd grew its position in Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company's stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC grew its position in Datadog by 3.2% in the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company's stock worth $386,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. grew its position in Datadog by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company's stock worth $198,000 after purchasing an additional 110 shares during the last quarter. Park Avenue Securities LLC grew its position in Datadog by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company's stock worth $1,039,000 after purchasing an additional 146 shares during the last quarter. Finally, Signaturefd LLC grew its position in Datadog by 6.1% in the 4th quarter. Signaturefd LLC now owns 2,656 shares of the company's stock worth $322,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 33,311 shares of the company's 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 $4,283,128.38. Following the transaction, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Amit Agarwal sold 33,311 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the transaction, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 759,908 shares of company stock worth $97,728,997. 14.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DDOG. Canaccord Genuity Group restated a "buy" rating and issued a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Robert W. Baird upped their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Royal Bank of Canada upped their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Mizuho upped their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Finally, Wolfe Research upped their price target 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. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $131.70.

Datadog Trading Up 5.0 %

Shares of DDOG stock traded up $6.20 during trading hours on Friday, reaching $131.45. 5,116,602 shares of the stock traded hands, compared to its average volume of 2,961,442. Datadog, Inc. has a 1-year low of $63.00 and a 1-year high of $138.61. The business has a fifty day moving average price of $125.25 and a 200 day moving average price of $117.19. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $43.62 billion, a PE ratio of 1,095.42 and a beta of 1.15.

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