Yousif Capital Management LLC Buys 123 Shares of Datadog, Inc. (NASDAQ:DDOG)

Yousif Capital Management LLC increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,891 shares of the company’s stock after purchasing an additional 123 shares during the quarter. Yousif Capital Management LLC’s holdings in Datadog were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock worth $4,337,316,000 after purchasing an additional 220,527 shares during the period. Groupama Asset Managment raised its holdings in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock valued at $943,074,000 after acquiring an additional 5,299,688 shares during the period. Geode Capital Management LLC raised its holdings in Datadog by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock valued at $811,076,000 after acquiring an additional 499,055 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Datadog by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,476,279 shares of the company’s stock valued at $639,616,000 after acquiring an additional 625,429 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Datadog by 25.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,319,132 shares of the company’s stock valued at $617,161,000 after acquiring an additional 870,217 shares during the period. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent analyst reports. Canaccord Genuity Group decreased their price target on Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group reissued a “buy” rating on shares of Datadog in a report on Tuesday, May 6th. Macquarie decreased their price target on Datadog from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Wedbush reissued an “outperform” rating and set a $140.00 price target on shares of Datadog in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $119.00 price target on shares of Datadog in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.52.

Insider Activity

In related news, General Counsel Kerry Acocella sold 5,099 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $116.84, for a total value of $595,767.16. Following the completion of the transaction, the general counsel now owns 115,490 shares of the company’s stock, valued at $13,493,851.60. The trade was a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shardul Shah sold 23,748 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $120.00, for a total transaction of $2,849,760.00. Following the completion of the transaction, the director now directly owns 396,121 shares of the company’s stock, valued at $47,534,520. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 762,966 shares of company stock valued at $85,558,325. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Down 2.0%

Shares of NASDAQ:DDOG opened at $127.50 on Friday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The business has a 50 day simple moving average of $111.36 and a two-hundred day simple moving average of $122.65. The firm has a market capitalization of $44.03 billion, a PE ratio of 277.18, a price-to-earnings-growth ratio of 72.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current 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.