Kowal Investment Group LLC Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Kowal Investment Group LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,308 shares of the company’s stock, valued at approximately $381,000.

Several other large investors have also recently added to or reduced their stakes in DDOG. Vontobel Holding Ltd. lifted its position in shares of Datadog by 56.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 235,991 shares of the company’s stock worth $27,153,000 after buying an additional 84,688 shares during the last quarter. Sumitomo Life Insurance Co. lifted its holdings in Datadog by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 11,629 shares of the company’s stock worth $1,338,000 after acquiring an additional 314 shares during the last quarter. Cabot Wealth Management Inc. lifted its holdings in Datadog by 2.7% in the third quarter. Cabot Wealth Management Inc. now owns 16,983 shares of the company’s stock worth $1,954,000 after acquiring an additional 451 shares during the last quarter. Swedbank AB boosted its stake in Datadog by 3.2% in the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock valued at $12,739,000 after acquiring an additional 3,483 shares during the period. Finally, Creative Planning grew its holdings in shares of Datadog by 17.6% during the third quarter. Creative Planning now owns 17,141 shares of the company’s stock valued at $1,972,000 after purchasing an additional 2,563 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Down 0.7 %

Shares of NASDAQ DDOG opened at $126.00 on Thursday. The stock’s fifty day simple moving average is $116.02 and its 200 day simple moving average is $119.37. The stock has a market capitalization of $42.15 billion, a price-to-earnings ratio of 393.75, a PEG ratio of 22.85 and a beta of 1.11. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same quarter last year, the business posted $0.36 EPS. Datadog’s revenue was up 26.7% on a year-over-year basis. As a group, analysts anticipate that Datadog, Inc. will post 0.42 earnings per share for the current year.

Insider Activity

In related news, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the transaction, the director now owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the sale, the executive now directly owns 183,512 shares in the company, valued at approximately $22,939,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 15,832 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the transaction, the director now owns 459,449 shares in the company, valued at approximately $55,143,068.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 522,012 shares of company stock worth $62,076,371 over the last 90 days. 11.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DDOG shares. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Datadog in a report on Friday, August 9th. BMO Capital Markets reduced their price target on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. Evercore ISI assumed coverage on shares of Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective on the stock. Finally, Scotiabank decreased their target price on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $141.19.

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.