Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its stake in Datadog, Inc. (NASDAQ:DDOGGet Rating) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,449 shares of the company’s stock after buying an additional 447 shares during the period. Truist Financial Corp’s holdings in Datadog were worth $1,106,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Datadog in the 2nd quarter valued at $27,000. O Dell Group LLC acquired a new stake in Datadog during the 2nd quarter worth $30,000. CoreCap Advisors LLC acquired a new stake in Datadog during the 2nd quarter worth $32,000. Glassman Wealth Services boosted its stake in Datadog by 294.6% during the 2nd quarter. Glassman Wealth Services now owns 367 shares of the company’s stock worth $35,000 after purchasing an additional 274 shares during the period. Finally, Allworth Financial LP boosted its stake in Datadog by 95.4% during the 3rd quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $49,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 70.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup decreased their price target on shares of Datadog from $170.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Needham & Company LLC decreased their price target on shares of Datadog from $135.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Moffett Nathanson initiated coverage on shares of Datadog in a research note on Thursday, September 22nd. They issued a “buy” rating and a $143.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Datadog in a research note on Tuesday, October 11th. They issued an “overweight” rating and a $120.00 target price for the company. They noted that the move was a valuation call. Finally, Oppenheimer upgraded shares of Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Wednesday, December 14th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $117.15.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $67.43 on Friday. The company has a market cap of $21.41 billion, a PE ratio of -1,348.60 and a beta of 1.02. Datadog, Inc. has a 12 month low of $61.34 and a 12 month high of $184.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. The company has a 50-day simple moving average of $73.56 and a 200-day simple moving average of $87.33.

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

Insider Transactions at Datadog

In other news, COO Adam Blitzer sold 7,139 shares of Datadog stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $74.63, for a total transaction of $532,783.57. Following the completion of the sale, the chief operating officer now directly owns 166,071 shares in the company, valued at $12,393,878.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Adam Blitzer sold 7,139 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $74.63, for a total value of $532,783.57. Following the sale, the chief operating officer now directly owns 166,071 shares of the company’s stock, valued at $12,393,878.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexis Le-Quoc sold 71,364 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the completion of the sale, the insider now directly owns 179,370 shares in the company, valued at $12,471,596.10. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,150,006 shares of company stock worth $79,339,605 and sold 269,888 shares worth $19,904,866. Insiders own 15.80% of the company’s stock.

Datadog Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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