Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 33.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,228 shares of the company’s stock after purchasing an additional 4,839 shares during the period. Tower Research Capital LLC TRC’s holdings in Datadog were worth $2,334,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Panagora Asset Management Inc. lifted its stake in shares of Datadog by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after acquiring an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after acquiring an additional 97 shares during the period. AM Squared Ltd lifted its stake in shares of Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after purchasing an additional 100 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Datadog by 5.3% in the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock valued at $198,000 after purchasing an additional 110 shares during the period. 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 15,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO David M. Obstler sold 15,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie Richardson sold 3,117 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $110.14, for a total transaction of $343,306.38. Following the transaction, the director now directly owns 5,680 shares in the company, valued at $625,595.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 565,136 shares of company stock valued at $67,772,282. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.1 %

Shares of DDOG stock opened at $109.47 on Monday. The stock has a market cap of $36.62 billion, a price-to-earnings ratio of 342.09, a price-to-earnings-growth ratio of 42.65 and a beta of 1.09. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm’s 50 day moving average price is $121.49 and its two-hundred day moving average price is $122.80.

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

Analyst Ratings Changes

Several analysts recently commented on DDOG shares. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price objective on shares of Datadog in a research note on Monday, April 22nd. William Blair restated an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Rosenblatt Securities restated a “buy” rating and set a $146.00 target price on shares of Datadog in a research report on Monday, May 6th. Canaccord Genuity Group restated a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Finally, Mizuho lifted their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.50.

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Datadog Company 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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