Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,155 shares of the company’s stock after selling 2,255 shares during the quarter. Datadog makes up approximately 0.7% of Ieq Capital LLC’s holdings, making the stock its 28th largest position. Ieq Capital LLC’s holdings in Datadog were worth $51,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DDOG. Hsbc Holdings PLC boosted its position in Datadog by 47.8% during the 4th quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after acquiring an additional 62,533 shares during the period. Congress Asset Management Co. MA acquired a new position in Datadog during the 1st quarter worth $1,083,000. Vanguard Group Inc. boosted its position in Datadog by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after acquiring an additional 171,693 shares during the period. Jones Financial Companies Lllp acquired a new position in Datadog during the 4th quarter worth $33,000. Finally, Los Angeles Capital Management LLC boosted its position in Datadog by 9.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock worth $32,732,000 after acquiring an additional 22,544 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DDOG shares. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. Evercore ISI began coverage on Datadog in a research note on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective on the stock. Monness Crespi & Hardt raised Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. Finally, Needham & Company LLC dropped their price objective on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the transaction, the chief executive officer now owns 405,314 shares in the company, valued at $42,237,771.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the transaction, the chief executive officer now owns 405,314 shares in the company, valued at $42,237,771.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated 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 sale, the chief technology officer now owns 279,025 shares of the company’s stock, valued at approximately $36,482,518.75. The disclosure for this sale can be found here. Insiders have sold 561,997 shares of company stock worth $68,517,631 over the last 90 days. 11.78% of the stock is currently owned by corporate insiders.

Datadog Trading Up 2.1 %

NASDAQ:DDOG opened at $115.52 on Friday. The firm has a market capitalization of $38.64 billion, a price-to-earnings ratio of 361.00, a PEG ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61. The business’s fifty day moving average price is $114.90 and its 200 day moving average price is $119.74.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating 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 the consensus estimate of $624.92 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. Equities analysts forecast that Datadog, Inc. will post 0.41 earnings per share for the current year.

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.