Financial Counselors Inc. Acquires 2,910 Shares of Datadog, Inc. (NASDAQ:DDOG)

Financial Counselors Inc. raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,707 shares of the company’s stock after acquiring an additional 2,910 shares during the quarter. Financial Counselors Inc.’s holdings in Datadog were worth $3,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. raised its holdings in Datadog by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after acquiring an additional 110 shares during the period. FCF Advisors LLC grew its position in shares of Datadog by 2.4% during the 3rd quarter. FCF Advisors LLC now owns 4,790 shares of the company’s stock valued at $436,000 after purchasing an additional 114 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Datadog by 8.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,594 shares of the company’s stock valued at $145,000 after purchasing an additional 127 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Datadog by 4.9% during the 3rd quarter. Yousif Capital Management LLC now owns 3,083 shares of the company’s stock valued at $281,000 after purchasing an additional 145 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Datadog by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock valued at $1,039,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $130.80 on Friday. The stock has a market cap of $43.41 billion, a PE ratio of 1,090.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The firm’s 50-day simple moving average is $126.74 and its two-hundred day simple moving average is $114.27.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. Analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Sean Michael Walters sold 10,006 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,750.00. Following the sale, the executive now owns 146,439 shares in the company, valued at $18,304,875. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CRO Sean Michael Walters sold 10,006 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,750.00. Following the sale, the executive now owns 146,439 shares in the company, valued at $18,304,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the completion of the transaction, the chief technology officer now owns 290,412 shares in the company, valued at $36,455,418.36. The disclosure for this sale can be found here. Insiders have sold a total of 730,990 shares of company stock worth $93,915,631 over the last 90 days. 14.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DDOG shares. Canaccord Genuity Group restated a “buy” rating and set a $150.00 price target on shares of Datadog in a research report on Friday, February 23rd. Wells Fargo & Company upped their target price on shares of Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Citigroup upped their target price on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays upped their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Finally, Truist Financial upped their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.33.

View Our Latest Research Report on Datadog

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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