International Assets Investment Management LLC Acquires New Shares in Datadog, Inc. (NASDAQ:DDOG)

International Assets Investment Management LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,779 shares of the company’s stock, valued at approximately $1,915,000.

Several other institutional investors and hedge funds have also modified their holdings of DDOG. Anchor Investment Management LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $25,000. BluePath Capital Management LLC bought a new position in Datadog in the 3rd quarter worth $31,000. Private Trust Co. NA raised its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares during the period. AM Squared Ltd bought a new position in Datadog in the 3rd quarter worth $36,000. Finally, KB Financial Partners LLC bought a new position in Datadog in the 1st quarter worth $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other news, CFO David M. Obstler sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at $33,223,809.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Sean Michael Walters sold 20,692 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the transaction, the executive now directly owns 182,593 shares in the company, valued at $23,477,807.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 70,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the completion of the transaction, the chief financial officer now owns 275,191 shares in the company, valued at $33,223,809.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,984 shares of company stock worth $95,917,681. Corporate insiders own 14.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DDOG. Mizuho lifted their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and set a $155.00 price objective (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on shares of Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, Wolfe Research boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.52.

Datadog Price Performance

Shares of DDOG stock opened at $120.09 on Friday. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. The firm’s 50 day moving average is $125.89 and its 200-day moving average is $115.95. The firm has a market capitalization of $39.85 billion, a price-to-earnings ratio of 1,000.75 and a beta of 1.15. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (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 company had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same period in the prior year, the business earned ($0.08) earnings per share. Datadog’s quarterly revenue was up 25.6% on a year-over-year basis. Sell-side analysts forecast that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Datadog Company Profile

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.