Advisor Group Holdings Inc. reduced its position in Datadog, Inc. (NASDAQ:DDOG – Get Rating) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,209 shares of the company’s stock after selling 6,871 shares during the period. Advisor Group Holdings Inc.’s holdings in Datadog were worth $6,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Advisors LLC purchased a new stake in shares of Datadog during the 1st quarter worth about $839,000. Victory Capital Management Inc. boosted its position in Datadog by 70.6% during the first quarter. Victory Capital Management Inc. now owns 300,498 shares of the company’s stock worth $42,720,000 after purchasing an additional 124,335 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Datadog by 31.3% in the first quarter. Commonwealth Equity Services LLC now owns 237,846 shares of the company’s stock valued at $36,026,000 after purchasing an additional 56,753 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Datadog by 384.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 107,400 shares of the company’s stock worth $16,268,000 after buying an additional 85,253 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of Datadog by 14.2% during the 1st quarter. Arizona State Retirement System now owns 59,988 shares of the company’s stock valued at $9,086,000 after buying an additional 7,460 shares in the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on DDOG shares. Monness Crespi & Hardt cut shares of Datadog from a “buy” rating to a “neutral” rating in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of Datadog from $250.00 to $223.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Morgan Stanley lowered their price objective on Datadog from $159.00 to $155.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. Truist Financial reduced their target price on Datadog from $200.00 to $170.00 in a report on Friday, May 6th. Finally, Jefferies Financial Group lowered their price target on Datadog from $170.00 to $125.00 in a research note on Monday, May 23rd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.20.
Insider Transactions at Datadog
Datadog Price Performance
Shares of DDOG stock opened at $113.29 on Friday. The firm’s 50-day moving average is $98.82 and its two-hundred day moving average is $121.67. Datadog, Inc. has a 12 month low of $81.12 and a 12 month high of $199.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. The company has a market capitalization of $35.69 billion, a PE ratio of -11,329,000.00 and a beta of 1.15.
Datadog (NASDAQ:DDOG – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. The firm had revenue of $406.14 million for the quarter, compared to analyst estimates of $381.28 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The business’s revenue for the quarter was up 73.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) EPS. Analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.
Datadog Company Profile
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
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