Azzad Asset Management Inc. ADV Raises Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Azzad Asset Management Inc. ADV raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,517 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Datadog were worth $1,794,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Datadog during the 1st quarter valued at $26,000. Anchor Investment Management LLC bought a new position in Datadog in the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in Datadog in the 4th quarter worth about $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Datadog in the 4th quarter worth about $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DDOG has been the topic of a number of analyst reports. Bank of America upgraded shares of Datadog from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $155.00 in a research note on Thursday, May 30th. Stifel Nicolaus restated a “buy” rating and set a $152.00 target price on shares of Datadog in a research note on Monday, April 22nd. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. Finally, BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.04.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the sale, the chief technology officer now directly owns 279,025 shares in the company, valued at $36,482,518.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the sale, the chief technology officer now directly owns 279,025 shares in the company, valued at $36,482,518.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the completion of the sale, the insider now owns 92,025 shares of the company’s stock, valued at $11,503,125. The disclosure for this sale can be found here. In the last ninety days, insiders sold 833,242 shares of company stock worth $99,862,497. 11.78% of the stock is currently owned by insiders.

Datadog Stock Down 0.2 %

NASDAQ DDOG opened at $131.50 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market capitalization of $43.99 billion, a P/E ratio of 410.94, a P/E/G ratio of 43.38 and a beta of 1.11. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The stock has a 50 day moving average price of $120.09 and a 200-day moving average price of $123.34.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, equities analysts predict that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

About Datadog

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.