435 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by CVA Family Office LLC

CVA Family Office LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 435 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after buying an additional 1,191,742 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Datadog by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock worth $733,957,000 after purchasing an additional 929,566 shares during the period. WCM Investment Management LLC raised its position in shares of Datadog by 1.4% during the 3rd quarter. WCM Investment Management LLC now owns 6,292,305 shares of the company’s stock worth $573,166,000 after purchasing an additional 88,132 shares during the period. Sands Capital Management LLC raised its position in shares of Datadog by 12.5% during the 2nd quarter. Sands Capital Management LLC now owns 4,554,589 shares of the company’s stock worth $448,080,000 after purchasing an additional 505,196 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Datadog by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock worth $262,001,000 after purchasing an additional 111,651 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DDOG shares. Stifel Nicolaus upgraded Datadog from a “hold” rating to a “buy” rating and increased their price target for the stock from $98.00 to $140.00 in a research report on Thursday, December 7th. Truist Financial increased their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 price target (up from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Barclays increased their price objective on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 3,732 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $125.36, for a total transaction of $467,843.52. Following the completion of the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at $34,497,943.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Datadog news, CFO David M. Obstler sold 3,732 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $125.36, for a total transaction of $467,843.52. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $34,497,943.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Adam Blitzer sold 20,892 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the transaction, the chief operating officer now directly owns 203,503 shares in the company, valued at $26,166,415.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 816,027 shares of company stock worth $102,761,314. Corporate insiders own 14.97% of the company’s stock.

Datadog Price Performance

DDOG opened at $123.51 on Thursday. The stock has a fifty day moving average of $127.31 and a 200-day moving average of $112.03. The firm has a market capitalization of $40.99 billion, a P/E ratio of 1,029.25 and a beta of 1.17. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts forecast that Datadog, Inc. will post -0.14 EPS for the current fiscal 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.