Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in Datadog, Inc. (NASDAQ:DDOGFree Report) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,485 shares of the company’s stock after purchasing an additional 1,432 shares during the period. Allianz Asset Management GmbH’s holdings in Datadog were worth $2,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Datadog by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 999,602 shares of the company’s stock worth $91,054,000 after acquiring an additional 149,062 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Datadog by 1.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,766 shares of the company’s stock worth $1,163,000 after purchasing an additional 157 shares in the last quarter. Pathstone Family Office LLC raised its position in shares of Datadog by 29.8% during the 3rd quarter. Pathstone Family Office LLC now owns 17,876 shares of the company’s stock worth $1,648,000 after purchasing an additional 4,103 shares during the last quarter. HighTower Advisors LLC lifted its stake in Datadog by 3.7% in the 3rd quarter. HighTower Advisors LLC now owns 25,412 shares of the company’s stock valued at $2,325,000 after buying an additional 907 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Datadog by 12.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 323,359 shares of the company’s stock worth $29,455,000 after buying an additional 35,411 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 23,924 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the sale, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $43,858,972.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total value of $15,955,490.65. Following the sale, the chief technology officer now directly owns 290,412 shares in the company, valued at approximately $36,455,418.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the sale, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $43,858,972.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 640,786 shares of company stock worth $76,906,241. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.1 %

DDOG opened at $109.47 on Friday. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $121.49 and a 200-day simple moving average of $122.73. The firm has a market cap of $36.62 billion, a P/E ratio of 342.09, a P/E/G ratio of 42.71 and a beta of 1.09.

Datadog (NASDAQ:DDOGGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. On average, equities analysts expect that Datadog, Inc. will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DDOG shares. Wolfe Research raised their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Wednesday, May 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Truist Financial raised their price target on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, BMO Capital Markets dropped their price objective on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

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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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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