Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by First Manhattan CO. LLC.

First Manhattan CO. LLC. grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,270 shares of the company’s stock after buying an additional 175 shares during the period. First Manhattan CO. LLC.’s holdings in Datadog were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DDOG. FORA Capital LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $4,643,000. FWL Investment Management LLC grew its holdings in shares of Datadog by 6.8% in the fourth quarter. FWL Investment Management LLC now owns 54,704 shares of the company’s stock valued at $7,817,000 after purchasing an additional 3,474 shares during the period. Circle Wealth Management LLC grew its holdings in shares of Datadog by 9.3% in the fourth quarter. Circle Wealth Management LLC now owns 7,906 shares of the company’s stock valued at $1,130,000 after purchasing an additional 676 shares during the period. Driehaus Capital Management LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $477,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Datadog by 25.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,319,132 shares of the company’s stock valued at $617,161,000 after purchasing an additional 870,217 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of DDOG opened at $107.88 on Monday. The company’s 50-day simple moving average is $100.20 and its 200-day simple moving average is $125.85. The stock has a market capitalization of $36.98 billion, a PE ratio of 211.53, a P/E/G ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40. Following the sale, the chief executive officer now owns 435,793 shares of the company’s stock, valued at $47,745,481.08. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 10,167 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the sale, the director now directly owns 82,324 shares in the company, valued at approximately $9,538,058.64. The trade was a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 559,867 shares of company stock valued at $57,550,902 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DDOG. Truist Financial dropped their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a report on Monday, March 31st. BTIG Research set a $136.00 price objective on shares of Datadog and gave the company a “buy” rating in a report on Tuesday, May 6th. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Scotiabank set a $130.00 target price on shares of Datadog and gave the stock an “outperform” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $141.54.

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.