Datadog, Inc. (NASDAQ:DDOG) Shares Sold by STF Management LP

STF Management LP reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,867 shares of the company’s stock after selling 260 shares during the period. STF Management LP’s holdings in Datadog were worth $631,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Datadog by 47.8% during the 4th quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after purchasing an additional 62,533 shares during the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Datadog in the first quarter worth approximately $1,083,000. Vanguard Group Inc. boosted its position in shares of Datadog by 0.6% in the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after acquiring an additional 171,693 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter worth approximately $33,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of Datadog by 9.3% in the first quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock worth $32,732,000 after acquiring an additional 22,544 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. Insiders sold a total of 561,997 shares of company stock worth $68,517,631 over the last 90 days. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of several research analyst reports. Evercore ISI initiated coverage on shares of Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 target price on the stock. UBS Group raised their target price on shares of Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Needham & Company LLC decreased their target price on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Scotiabank reduced their price target on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 9th. Finally, Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Datadog Stock Up 2.0 %

DDOG opened at $111.40 on Tuesday. The firm has a market capitalization of $37.26 billion, a P/E ratio of 348.13, a P/E/G ratio of 27.84 and a beta of 1.11. The firm’s 50 day moving average is $115.69 and its 200-day moving average is $119.94. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Equities analysts expect that Datadog, Inc. will post 0.41 earnings per share for the current fiscal year.

About Datadog

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.