Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Truist Financial Corp

Truist Financial Corp raised its position in Datadog, Inc. (NASDAQ:DDOGGet Rating) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,449 shares of the company’s stock after acquiring an additional 447 shares during the period. Truist Financial Corp’s holdings in Datadog were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DDOG. PNC Financial Services Group Inc. lifted its stake in shares of Datadog by 25.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock worth $412,000 after buying an additional 558 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Datadog during the first quarter worth $2,494,000. Yousif Capital Management LLC lifted its stake in shares of Datadog by 9.3% during the first quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after buying an additional 310 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Datadog by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock worth $21,137,000 after buying an additional 14,658 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of Datadog by 20.0% during the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares during the period. 70.93% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 3.3 %

DDOG stock opened at $67.43 on Friday. The stock has a market capitalization of $21.41 billion, a P/E ratio of -1,348.60 and a beta of 1.02. The firm has a 50-day simple moving average of $73.56 and a 200-day simple moving average of $87.33. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.57. Datadog, Inc. has a 52 week low of $61.34 and a 52 week high of $184.70.

Datadog (NASDAQ:DDOGGet Rating) last released 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. The business had revenue of $436.53 million during the quarter, compared to analysts’ expectations of $412.15 million. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. Equities analysts forecast that Datadog, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DDOG shares. Wells Fargo & Company started coverage on shares of Datadog in a research note on Tuesday, October 11th. They set an “overweight” rating and a $120.00 price objective for the company. They noted that the move was a valuation call. Barclays lowered their price objective on shares of Datadog from $98.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. The Goldman Sachs Group reduced their target price on shares of Datadog from $188.00 to $162.00 and set a “buy” rating for the company in a report on Friday, November 4th. Mizuho reduced their target price on shares of Datadog from $130.00 to $108.00 and set a “buy” rating for the company in a report on Monday, October 17th. Finally, Morgan Stanley reduced their target price on shares of Datadog from $124.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.15.

Insider Buying and Selling

In related news, insider Alexis Le-Quoc sold 71,364 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the transaction, the insider now directly owns 179,370 shares in the company, valued at $12,471,596.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Datadog news, insider Amit Agarwal sold 8,528 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $74.63, for a total value of $636,444.64. Following the transaction, the insider now directly owns 168,039 shares in the company, valued at approximately $12,540,750.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexis Le-Quoc sold 71,364 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the completion of the transaction, the insider now owns 179,370 shares in the company, valued at $12,471,596.10. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,150,006 shares of company stock worth $79,339,605 and have sold 269,888 shares worth $19,904,866. 15.80% of the stock is currently owned by company insiders.

Datadog Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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