Country Trust Bank grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,515 shares of the company’s stock after acquiring an additional 5,010 shares during the quarter. Country Trust Bank owned about 0.07% of Datadog worth $31,212,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in shares of Datadog during the fourth quarter valued at $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog during the fourth quarter valued at $228,000. Empowered Funds LLC grew its holdings in shares of Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Datadog during the second quarter valued at $509,000. Institutional investors and hedge funds own 78.29% of the company’s stock.
Datadog Price Performance
NASDAQ:DDOG opened at $116.50 on Tuesday. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.38 and a current ratio of 3.38. The firm has a market cap of $41.08 billion, a price-to-earnings ratio of 375.81, a PEG ratio of 33.08 and a beta of 1.29. The firm’s fifty day moving average is $121.57 and its two-hundred day moving average is $140.23.
Insider Buying and Selling
In other Datadog news, Director Amit Agarwal sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $120.53, for a total value of $2,410,600.00. Following the sale, the director owned 1,640 shares in the company, valued at approximately $197,669.20. This represents a 92.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 32,418 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $127.75, for a total transaction of $4,141,399.50. Following the sale, the chief technology officer directly owned 437,257 shares in the company, valued at approximately $55,859,581.75. The trade was a 6.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 437,006 shares of company stock worth $53,645,336. 6.67% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have recently weighed in on DDOG. Daiwa Securities Group began coverage on shares of Datadog in a report on Tuesday, January 27th. They set a “buy” rating and a $190.00 price objective on the stock. Wall Street Zen lowered Datadog from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Robert W. Baird set a $180.00 target price on Datadog in a research report on Wednesday, February 11th. DA Davidson reiterated a “buy” rating and issued a $225.00 target price on shares of Datadog in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $160.00 target price on Datadog and gave the company a “buy” rating in a research report on Thursday, January 22nd. Thirty-seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $179.62.
View Our Latest Stock Analysis on Datadog
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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