Datadog, Inc. (NASDAQ:DDOG) Shares Bought by EDBI Pte Ltd

EDBI Pte Ltd raised its position in Datadog, Inc. (NASDAQ:DDOG) by 36.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,624 shares of the company’s stock after purchasing an additional 3,386 shares during the period. Datadog comprises approximately 1.5% of EDBI Pte Ltd’s portfolio, making the stock its 12th biggest holding. EDBI Pte Ltd’s holdings in Datadog were worth $1,532,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DDOG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Datadog during the third quarter valued at $189,668,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Datadog during the third quarter valued at $270,000. Mengis Capital Management Inc. acquired a new stake in shares of Datadog during the third quarter valued at $409,000. Bank of New York Mellon Corp boosted its stake in shares of Datadog by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock valued at $125,571,000 after acquiring an additional 33,748 shares during the last quarter. Finally, Cercano Management LLC boosted its stake in Datadog by 40.4% in the 3rd quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock worth $28,198,000 after buying an additional 89,019 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, President Amit Agarwal sold 33,311 shares of the business’s stock in a transaction that occurred 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the sale, the executive now owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction 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 sale, the president now directly owns 294,012 shares in the company, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock worth $95,917,681 in the last 90 days. 14.97% of the stock is currently owned by company insiders.

Datadog Stock Performance

Shares of DDOG traded down $4.93 during mid-day trading on Friday, hitting $120.09. The stock had a trading volume of 3,627,985 shares, compared to its average volume of 2,512,027. The company has a market cap of $39.85 billion, a PE ratio of 1,000.75 and a beta of 1.15. The company’s fifty day simple moving average is $125.89 and its two-hundred day simple moving average is $115.75. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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 return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DDOG shares. Robert W. Baird raised their price target on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Truist Financial raised their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. William Blair reissued an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research note on Wednesday. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.52.

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.