HB Wealth Management LLC Invests $226,000 in Datadog, Inc. (NASDAQ:DDOG)

HB Wealth Management LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,831 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also made changes to their positions in the company. Spire Wealth Management grew its position in shares of Datadog by 2,148.5% during the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock worth $694,000 after buying an additional 5,092 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Datadog by 47.8% in the fourth quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after purchasing an additional 62,533 shares during the period. Congress Asset Management Co. MA acquired a new position in Datadog in the first quarter worth $1,083,000. Massachusetts Financial Services Co. MA boosted its holdings in Datadog by 31.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock worth $331,786,000 after purchasing an additional 651,244 shares during the period. Finally, Zevenbergen Capital Investments LLC boosted its holdings in Datadog by 5.6% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock worth $20,077,000 after purchasing an additional 8,830 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

Shares of Datadog stock opened at $134.56 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $120.36 and its two-hundred day moving average price is $123.53. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The stock has a market cap of $45.01 billion, a PE ratio of 420.50, a price-to-earnings-growth ratio of 43.30 and a beta of 1.11.

Datadog (NASDAQ:DDOGGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping 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 return on equity of 7.48% and a net margin of 5.11%. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Madre Armelle De sold 600 shares of Datadog stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, President Amit Agarwal sold 11,387 shares of Datadog stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the transaction, the president now owns 282,694 shares of the company’s stock, valued at approximately $30,940,858.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Madre Armelle De sold 600 shares of Datadog stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now directly owns 100,353 shares in the company, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 833,242 shares of company stock valued at $99,862,497. 11.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price objective on shares of Datadog in a report on Monday, May 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a report on Wednesday, April 17th. Monness Crespi & Hardt reissued a “sell” rating and set a $98.00 price target (down previously from $290.00) on shares of Datadog in a report on Friday, June 14th. Finally, JMP Securities raised shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.89.

View Our Latest Research Report on Datadog

About Datadog

(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.

See Also

Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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