Ingalls & Snyder LLC Buys New Shares in Datadog, Inc. (NASDAQ:DDOG)

Ingalls & Snyder LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,737 shares of the company’s stock, valued at approximately $211,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Datadog by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after buying an additional 1,191,742 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Datadog by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock valued at $733,957,000 after buying an additional 929,566 shares in the last quarter. Sands Capital Management LLC increased its position in shares of Datadog by 12.5% during the 2nd quarter. Sands Capital Management LLC now owns 4,554,589 shares of the company’s stock worth $448,080,000 after purchasing an additional 505,196 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock worth $262,001,000 after purchasing an additional 111,651 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Datadog during the 4th quarter worth about $202,877,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho increased their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $145.00 price objective (up previously from $115.00) on shares of Datadog in a report on Monday, February 12th. Truist Financial increased their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $150.00 price objective on shares of Datadog in a report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.33.

Insider Activity

In other news, CRO Sean Michael Walters sold 10,006 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,750.00. Following the completion of the sale, the executive now owns 146,439 shares of the company’s stock, valued at $18,304,875. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CRO Sean Michael Walters sold 10,006 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total value of $1,250,750.00. Following the completion of the sale, the executive now owns 146,439 shares of the company’s stock, valued at $18,304,875. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 730,990 shares of company stock valued at $93,915,631. 14.97% of the stock is owned by company insiders.

Datadog Price Performance

NASDAQ:DDOG opened at $127.51 on Monday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $126.61 and a 200 day simple moving average of $114.92. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The stock has a market capitalization of $42.32 billion, a PE ratio of 1,062.58 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, research analysts expect that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

About Datadog

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.