Northside Capital Management LLC Increases Stake in Datadog, Inc. (NASDAQ:DDOG)

Northside Capital Management LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOGFree Report) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,371 shares of the company’s stock after buying an additional 898 shares during the period. Datadog accounts for about 1.2% of Northside Capital Management LLC’s portfolio, making the stock its 15th largest position. Northside Capital Management LLC’s holdings in Datadog were worth $3,929,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DDOG. Sunbelt Securities Inc. increased its stake in shares of Datadog by 5.3% during the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after buying an additional 110 shares during the period. FCF Advisors LLC increased its stake in shares of Datadog by 2.4% during the third quarter. FCF Advisors LLC now owns 4,790 shares of the company’s stock valued at $436,000 after buying an additional 114 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Datadog by 8.7% during the third quarter. Advisors Asset Management Inc. now owns 1,594 shares of the company’s stock valued at $145,000 after buying an additional 127 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Datadog by 2.1% during the second quarter. Ameritas Investment Partners Inc. now owns 6,430 shares of the company’s stock valued at $633,000 after buying an additional 131 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Datadog by 4.9% during the third quarter. Yousif Capital Management LLC now owns 3,083 shares of the company’s stock valued at $281,000 after buying an additional 145 shares during the period. 68.30% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 1.8 %

Datadog stock opened at $120.42 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61. The stock has a market capitalization of $39.96 billion, a PE ratio of 1,003.50 and a beta of 1.17. The business’s fifty day moving average is $127.17 and its 200 day moving average is $110.67.

Datadog (NASDAQ:DDOGGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts predict that Datadog, Inc. will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62. Following the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $33,574,159.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62. Following the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $33,574,159.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $123.19, for a total value of $15,658,064.95. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at $30,468,336.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 939,400 shares of company stock valued at $117,951,536. Insiders own 14.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DDOG. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Stifel Nicolaus upgraded Datadog from a “hold” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $140.00 in a report on Thursday, December 7th. Needham & Company LLC increased their price objective on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Scotiabank started coverage on Datadog in a report on Tuesday, December 5th. They issued a “sector outperform” rating and a $138.00 price objective for the company. Finally, Truist Financial increased their price objective on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

View Our Latest Stock Report on DDOG

Datadog Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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