Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,645 shares of the company’s stock after acquiring an additional 486 shares during the period. Plato Investment Management Ltd’s holdings in Datadog were worth $732,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of Datadog in the first quarter valued at approximately $26,000. SouthState Corp purchased a new stake in Datadog in the 2nd quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the 4th quarter worth $29,000. Jones Financial Companies Lllp purchased a new position in shares of Datadog during the 4th quarter worth $33,000. Finally, Quest Partners LLC acquired a new position in shares of Datadog during the 4th quarter valued at about $36,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Needham & Company LLC reduced their price target 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. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a research report on Friday, August 9th. Bank of America upgraded Datadog from a “neutral” rating to a “buy” rating and lifted their target price for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Finally, BMO Capital Markets lowered their price target on Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Insider Transactions at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 5,955 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $120.09, for a total value of $715,135.95. Following the transaction, the general counsel now directly owns 85,787 shares in the company, valued at $10,302,160.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Madre Armelle De sold 1,749 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the completion of the sale, the insider now directly owns 92,025 shares of the company’s stock, valued at approximately $11,503,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kerry Acocella sold 5,955 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $120.09, for a total value of $715,135.95. Following the transaction, the general counsel now owns 85,787 shares in the company, valued at approximately $10,302,160.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 561,997 shares of company stock valued at $68,517,631. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.3 %

Shares of NASDAQ:DDOG opened at $109.26 on Monday. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The company’s 50 day moving average is $116.11 and its two-hundred day moving average is $120.08. The company has a market cap of $36.55 billion, a PE ratio of 341.44, a P/E/G ratio of 27.84 and a beta of 1.11.

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

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.