Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 20.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,261 shares of the company’s stock after acquiring an additional 3,974 shares during the period. Pacer Advisors Inc.’s holdings in Datadog were worth $2,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after purchasing an additional 1,191,742 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Datadog by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock worth $733,957,000 after acquiring an additional 929,566 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Datadog by 1.4% in the third quarter. WCM Investment Management LLC now owns 6,292,305 shares of the company’s stock worth $573,166,000 after acquiring an additional 88,132 shares during the last quarter. Sands Capital Management LLC raised its holdings in shares of Datadog by 12.5% in the second quarter. Sands Capital Management LLC now owns 4,554,589 shares of the company’s stock worth $448,080,000 after acquiring an additional 505,196 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Datadog by 3.2% in the first quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock worth $262,001,000 after acquiring an additional 111,651 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $123.60 on Friday. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The business has a 50-day moving average of $127.19 and a 200-day moving average of $112.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market capitalization of $41.02 billion, a price-to-earnings ratio of 1,030.00 and a beta of 1.17.

Datadog (NASDAQ:DDOGGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62. Following the completion of the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at $33,574,159.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at $33,574,159.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David M. Obstler sold 3,732 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $125.36, for a total value of $467,843.52. Following the completion of the transaction, the chief financial officer now owns 275,191 shares in the company, valued at approximately $34,497,943.76. The disclosure for this sale can be found here. Insiders sold 816,027 shares of company stock valued at $102,761,314 over the last quarter. Company insiders own 14.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Citigroup lifted their price objective on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus raised Datadog from a “hold” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $140.00 in a research report on Thursday, December 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.18.

View Our Latest Report on DDOG

Datadog Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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