Evoke Wealth LLC Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Evoke Wealth LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOGFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 13,763 shares of the company’s stock, valued at approximately $1,671,000.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of Datadog in the 4th quarter worth about $25,000. Private Trust Co. NA grew its holdings in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the period. Quest Partners LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new position in shares of Datadog during the fourth quarter valued at approximately $45,000. Finally, Headinvest LLC bought a new stake in shares of Datadog in the 3rd quarter worth approximately $46,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $110.18 on Friday. The business has a 50-day simple moving average of $122.87 and a two-hundred day simple moving average of $122.66. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The stock has a market cap of $36.86 billion, a price-to-earnings ratio of 344.31, a PEG ratio of 45.76 and a beta of 1.14.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. On average, analysts expect that Datadog, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Wednesday, May 15th. Truist Financial upped their price target on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. BMO Capital Markets cut their price objective on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Barclays cut their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.50.

Read Our Latest Research Report on Datadog

Insider Buying and Selling

In other Datadog news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now directly owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 42,080 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $5,410,646.40. Following the completion of the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at $43,363,219.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 693,476 shares of company stock valued at $86,608,694. Company insiders own 11.78% of the company’s stock.

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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