Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Datadog (NASDAQ:DDOG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 11,206 shares of the company’s stock, valued at approximately $974,000.
A number of other institutional investors have also made changes to their positions in the stock. Atticus Wealth Management LLC lifted its holdings in Datadog by 2.5% in the 2nd quarter. Atticus Wealth Management LLC now owns 6,075 shares of the company’s stock worth $528,000 after buying an additional 150 shares in the last quarter. Engrave Wealth Partners LLC lifted its holdings in Datadog by 209.0% in the 2nd quarter. Engrave Wealth Partners LLC now owns 309 shares of the company’s stock worth $26,000 after buying an additional 209 shares in the last quarter. Synovus Financial Corp lifted its holdings in Datadog by 37.7% in the 1st quarter. Synovus Financial Corp now owns 1,377 shares of the company’s stock worth $49,000 after buying an additional 377 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Datadog in the 2nd quarter worth $33,000. Finally, State Street Corp lifted its holdings in Datadog by 3.5% in the 1st quarter. State Street Corp now owns 14,900 shares of the company’s stock worth $536,000 after buying an additional 500 shares in the last quarter. 29.62% of the stock is owned by hedge funds and other institutional investors.
DDOG opened at $93.86 on Friday. Datadog has a fifty-two week low of $27.55 and a fifty-two week high of $98.99. The company’s 50-day moving average price is $87.53 and its 200 day moving average price is $57.43. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.06.
Datadog (NASDAQ:DDOG) last posted its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.09. The firm had revenue of $131.30 million during the quarter, compared to the consensus estimate of $117.73 million. The business’s revenue for the quarter was up 87.4% on a year-over-year basis. Equities analysts expect that Datadog will post -0.02 EPS for the current fiscal year.
DDOG has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on shares of Datadog from $70.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, July 27th. William Blair reiterated a “buy” rating on shares of Datadog in a report on Thursday, June 18th. Royal Bank of Canada upped their target price on shares of Datadog from $43.00 to $50.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. FBN Securities began coverage on shares of Datadog in a research note on Friday, July 10th. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of Datadog from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $75.79.
In other news, insider Alexis Le-Quoc sold 192,100 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $45.52, for a total value of $8,744,392.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Madre Armelle De sold 67,500 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $91.76, for a total transaction of $6,193,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,420,018 shares of company stock valued at $258,232,306. 26.06% of the stock is owned by insiders.
Datadog Company Profile
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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