Quintet Private Bank Europe S.A. Has $188,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Quintet Private Bank Europe S.A. reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,632 shares of the company’s stock after selling 254 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Datadog were worth $188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SouthState Corp acquired a new position in Datadog in the second quarter valued at about $26,000. Blue Trust Inc. acquired a new position in shares of Datadog in the 2nd quarter valued at $37,000. Versant Capital Management Inc increased its position in shares of Datadog by 216.5% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock valued at $40,000 after buying an additional 210 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Datadog during the 2nd quarter worth $43,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI began coverage on shares of Datadog in a research note on Monday, July 15th. They issued an “outperform” rating and a $150.00 price target on the stock. DA Davidson upgraded shares of Datadog from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $115.00 to $140.00 in a report on Tuesday, October 1st. Scotiabank reduced their target price on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC cut their price target on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.54.

Datadog Price Performance

DDOG stock opened at $125.56 on Tuesday. The business’s fifty day moving average price is $118.73 and its two-hundred day moving average price is $119.39. Datadog, Inc. has a fifty-two week low of $79.07 and a fifty-two week high of $138.61. The stock has a market capitalization of $42.33 billion, a price-to-earnings ratio of 279.03, a PEG ratio of 22.90 and a beta of 1.10.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. Research analysts expect that Datadog, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the completion of the sale, the chief technology officer now owns 347,684 shares of the company’s stock, valued at $38,822,395.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the transaction, the director now owns 451,533 shares of the company’s stock, valued at approximately $57,195,685.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30. Following the completion of the sale, the chief technology officer now directly owns 347,684 shares in the company, valued at $38,822,395.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,291 shares of company stock worth $54,154,859. Company insiders own 11.78% of the company’s stock.

Datadog 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.