Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,183 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Yousif Capital Management LLC’s holdings in Datadog were worth $386,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in Datadog during the 3rd quarter worth approximately $189,668,000. Quintet Private Bank Europe S.A. purchased a new position in Datadog in the third quarter worth $270,000. Mengis Capital Management Inc. acquired a new stake in Datadog in the third quarter valued at $409,000. Bank of New York Mellon Corp boosted its position in shares of Datadog by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock worth $125,571,000 after purchasing an additional 33,748 shares in the last quarter. Finally, Cercano Management LLC grew its stake in shares of Datadog by 40.4% during the 3rd quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock worth $28,198,000 after purchasing an additional 89,019 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Needham & Company LLC boosted their target price on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Royal Bank of Canada raised their price target on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Citigroup boosted their price objective on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Wolfe Research raised their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.04.

Datadog Price Performance

DDOG opened at $126.97 on Tuesday. The company’s 50 day simple moving average is $124.94 and its 200 day simple moving average is $118.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog, Inc. has a 1 year low of $75.02 and a 1 year high of $138.61. The stock has a market capitalization of $42.14 billion, a PE ratio of 1,058.08 and a beta of 1.14.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. As a group, sell-side analysts expect that Datadog, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the transaction, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the transaction, the chief technology officer now owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 626,593 shares of company stock valued at $80,422,044 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

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.