Motley Fool Asset Management LLC Acquires 742 Shares of Datadog, Inc. (NASDAQ:DDOG)

Motley Fool Asset Management LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,017 shares of the company’s stock after buying an additional 742 shares during the period. Motley Fool Asset Management LLC’s holdings in Datadog were worth $1,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Massachusetts Financial Services Co. MA bought a new position in Datadog in the 3rd quarter worth $189,668,000. Alkeon Capital Management LLC bought a new stake in Datadog during the 3rd quarter valued at approximately $127,526,000. Vanguard Group Inc. grew its holdings in shares of Datadog by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of Datadog in the 3rd quarter worth approximately $44,939,000. Finally, Eagle Asset Management Inc. lifted its stake in shares of Datadog by 83.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock valued at $97,396,000 after purchasing an additional 486,582 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 759,908 shares of company stock valued at $97,728,997. 14.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DDOG. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research note on Wednesday, April 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $150.00 in a research report on Tuesday. Wolfe Research upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their target price on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Price Performance

NASDAQ:DDOG traded up $6.20 during trading hours on Friday, hitting $131.45. 5,116,010 shares of the stock traded hands, compared to its average volume of 4,047,233. The stock has a 50 day moving average price of $125.25 and a 200 day moving average price of $117.01. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15. Datadog, Inc. has a 1 year low of $63.00 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) earnings per share. Sell-side analysts forecast that Datadog, Inc. will post -0.14 EPS for the current fiscal 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.