Compagnie Lombard Odier SCmA Buys 70,232 Shares of Datadog, Inc. (NASDAQ:DDOG)

Compagnie Lombard Odier SCmA increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,127 shares of the company’s stock after acquiring an additional 70,232 shares during the period. Compagnie Lombard Odier SCmA owned about 0.13% of Datadog worth $44,558,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DDOG. Putney Financial Group LLC purchased a new position in Datadog during the fourth quarter valued at approximately $32,000. Elequin Capital LP purchased a new position in Datadog in the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its position in Datadog by 74.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 381 shares of the company’s stock worth $38,000 after acquiring an additional 162 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Datadog during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at $49,219,013.34. This trade represents a 16.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adam Blitzer sold 15,603 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $116.84, for a total transaction of $1,823,054.52. Following the transaction, the chief operating officer now directly owns 212,969 shares in the company, valued at approximately $24,883,297.96. The trade was a 6.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,582 shares of company stock worth $77,926,597. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DDOG shares. BTIG Research set a $136.00 price objective on Datadog and gave the company a “buy” rating in a research report on Tuesday, May 6th. JMP Securities restated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Morgan Stanley lowered their target price on Datadog from $143.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $134.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Finally, Barclays boosted their price objective on Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $142.25.

Datadog Price Performance

Shares of DDOG stock opened at $118.63 on Thursday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a market cap of $40.97 billion, a price-to-earnings ratio of 232.61, a PEG ratio of 44.03 and a beta of 1.01. The stock has a 50 day simple moving average of $106.65 and a 200-day simple moving average of $124.02.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same quarter last year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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.