Datadog, Inc. (NASDAQ:DDOG) Position Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOGGet Rating) by 32.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,595 shares of the company’s stock after selling 1,694 shares during the quarter. Advisors Asset Management Inc.’s holdings in Datadog were worth $342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DDOG. ICONIQ Capital LLC grew its stake in Datadog by 245.4% during the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock valued at $2,392,003,000 after acquiring an additional 11,219,544 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Datadog by 104.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock valued at $315,783,000 after acquiring an additional 1,066,716 shares in the last quarter. Scge Management L.P. purchased a new position in Datadog during the 1st quarter valued at about $111,785,000. Durable Capital Partners LP grew its stake in shares of Datadog by 32.3% in the 1st quarter. Durable Capital Partners LP now owns 2,533,510 shares of the company’s stock valued at $383,751,000 after buying an additional 619,202 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Datadog by 7.8% in the 1st quarter. Capital Research Global Investors now owns 5,002,081 shares of the company’s stock valued at $757,665,000 after buying an additional 360,371 shares in the last quarter. Hedge funds and other institutional investors own 71.98% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson purchased 710,429 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $69.45 per share, for a total transaction of $49,339,294.05. Following the completion of the purchase, the director now directly owns 423,218 shares of the company’s stock, valued at $29,392,490.10. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Madre Armelle De sold 1,875 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $90.00, for a total value of $168,750.00. Following the sale, the insider now owns 65,158 shares in the company, valued at approximately $5,864,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson bought 710,429 shares of Datadog stock in a transaction dated Monday, November 7th. The stock was purchased at an average price of $69.45 per share, for a total transaction of $49,339,294.05. Following the purchase, the director now directly owns 423,218 shares in the company, valued at approximately $29,392,490.10. The disclosure for this purchase can be found here. Insiders have sold 86,506 shares of company stock worth $7,057,756 over the last 90 days. Corporate insiders own 15.80% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $76.52 on Friday. The firm has a market capitalization of $24.30 billion, a PE ratio of -1,530.40 and a beta of 1.08. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.57. Datadog, Inc. has a 1-year low of $66.45 and a 1-year high of $197.87. The business’s 50 day moving average is $84.47 and its 200-day moving average is $94.96.

Datadog (NASDAQ:DDOGGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. The firm had revenue of $436.53 million for the quarter, compared to the consensus estimate of $412.15 million. Sell-side analysts predict that Datadog, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on DDOG. Robert W. Baird lowered their price target on Datadog from $120.00 to $100.00 in a research note on Friday, November 4th. Bank of America began coverage on Datadog in a research note on Thursday, September 1st. They issued a “buy” rating and a $135.00 price target for the company. BTIG Research lowered their price target on Datadog from $137.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. The Goldman Sachs Group lowered their price target on Datadog from $188.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Finally, JPMorgan Chase & Co. started coverage on Datadog in a research note on Friday, September 23rd. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.23.

About Datadog

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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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