Assetmark Inc. Buys 251 Shares of Datadog, Inc. (NASDAQ:DDOG)

Assetmark Inc. boosted its stake in Datadog, Inc. (NASDAQ:DDOGGet Rating) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,273 shares of the company’s stock after purchasing an additional 251 shares during the period. Assetmark Inc.’s holdings in Datadog were worth $379,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Datadog by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 22,492,050 shares of the company’s stock valued at $3,406,871,000 after acquiring an additional 322,533 shares during the period. Public Investment Fund bought a new stake in shares of Datadog during the 2nd quarter valued at $428,470,000. Durable Capital Partners LP grew its position in shares of Datadog by 32.3% during the 1st quarter. Durable Capital Partners LP now owns 2,533,510 shares of the company’s stock valued at $383,751,000 after acquiring an additional 619,202 shares during the period. WCM Investment Management LLC grew its position in shares of Datadog by 11.6% during the 3rd quarter. WCM Investment Management LLC now owns 2,324,617 shares of the company’s stock valued at $203,288,000 after acquiring an additional 242,020 shares during the period. Finally, Sands Capital Management LLC bought a new position in Datadog in the 2nd quarter worth $204,001,000. Institutional investors own 70.93% of the company’s stock.

Insider Activity

In other news, insider Alexis Le-Quoc sold 71,364 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $78.96, for a total transaction of $5,634,901.44. Following the transaction, the insider now directly owns 189,029 shares in the company, valued at $14,925,729.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CRO Sean Michael Walters sold 2,873 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $74.63, for a total transaction of $214,411.99. Following the transaction, the executive now directly owns 149,252 shares in the company, valued at $11,138,676.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alexis Le-Quoc sold 71,364 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $78.96, for a total transaction of $5,634,901.44. Following the transaction, the insider now owns 189,029 shares in the company, valued at $14,925,729.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,150,006 shares of company stock worth $79,339,605 and have sold 269,888 shares worth $19,904,866. Insiders own 15.80% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $67.43 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $21.41 billion, a P/E ratio of -1,348.60 and a beta of 1.02. The company’s 50-day simple moving average is $73.56 and its two-hundred day simple moving average is $87.33. Datadog, Inc. has a one year low of $61.34 and a one year high of $184.70.

Datadog (NASDAQ:DDOGGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. The business had revenue of $436.53 million for the quarter, compared to the consensus estimate of $412.15 million. As a group, equities analysts anticipate that Datadog, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Rosenblatt Securities dropped their target price on shares of Datadog from $137.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 20th. Truist Financial dropped their target price on shares of Datadog from $155.00 to $120.00 in a report on Wednesday, October 26th. Barclays decreased their price target on shares of Datadog from $98.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Macquarie started coverage on shares of Datadog in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Datadog in a research note on Friday, September 23rd. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.15.

About Datadog

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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.

See Also

Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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