Amalgamated Bank Purchases 152 Shares of Datadog, Inc. (NASDAQ:DDOG)

Amalgamated Bank boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,210 shares of the company’s stock after buying an additional 152 shares during the period. Amalgamated Bank’s holdings in Datadog were worth $3,546,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in shares of Datadog during the fourth quarter valued at $25,000. Private Trust Co. NA lifted its stake in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the period. AM Squared Ltd purchased a new stake in shares of Datadog during the 3rd quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in shares of Datadog in the fourth quarter worth approximately $45,000. Finally, Headinvest LLC purchased a new position in shares of Datadog during the third quarter valued at approximately $46,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Down 1.2 %

DDOG opened at $115.87 on Friday. The company has a market capitalization of $38.45 billion, a PE ratio of 965.58 and a beta of 1.14. The firm has a 50-day simple moving average of $124.30 and a two-hundred day simple moving average of $119.14. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61.

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

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the sale, the chief technology officer now owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the transaction, the insider now directly owns 100,053 shares in the company, valued at approximately $11,343,008.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 712,530 shares of company stock worth $91,195,791. 11.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DDOG shares. Mizuho raised 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. Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a report on Wednesday. Truist Financial raised their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada upped their price target on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $130.00 to $150.00 in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.58.

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.