Angeles Investment Advisors LLC Has $642,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Angeles Investment Advisors LLC boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,951 shares of the company’s stock after buying an additional 361 shares during the period. Angeles Investment Advisors LLC’s holdings in Datadog were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Sean Michael Walters sold 2,351 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total transaction of $293,875.00. Following the transaction, the executive now owns 197,421 shares of the company’s stock, valued at $24,677,625. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the sale, the chief executive officer now owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 561,997 shares of company stock worth $68,517,631. 11.78% of the stock is currently owned by corporate insiders.

Datadog Price Performance

Shares of DDOG opened at $109.26 on Monday. The company has a market capitalization of $36.55 billion, a P/E ratio of 341.44, a PEG ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The business’s 50 day simple moving average is $116.11 and its 200-day simple moving average is $120.08.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DDOG. Barclays decreased their target price on Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Scotiabank reduced their price objective on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Evercore ISI assumed coverage on shares of Datadog in a research report on Monday, July 15th. They set an “outperform” rating and a $150.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Monday, July 22nd. Finally, UBS Group boosted their price objective on shares of Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $139.88.

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.