V Square Quantitative Management LLC grew its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 13.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 601 shares of the company’s stock after buying an additional 73 shares during the quarter. V Square Quantitative Management LLC’s holdings in Datadog were worth $81,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Biltmore Wealth Management LLC raised its position in shares of Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after buying an additional 86 shares during the last quarter. Emerald Advisers LLC increased its position in Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company’s stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership increased its position in Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company’s stock worth $92,000 after purchasing an additional 99 shares during the last quarter. Covestor Ltd increased its position in Datadog by 8.9% during the first quarter. Covestor Ltd now owns 1,388 shares of the company’s stock worth $138,000 after purchasing an additional 113 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after purchasing an additional 115 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
Datadog Price Performance
Shares of DDOG opened at $151.57 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The stock has a market cap of $52.86 billion, a PE ratio of 433.07, a P/E/G ratio of 59.74 and a beta of 1.21. The firm has a 50-day simple moving average of $136.55 and a two-hundred day simple moving average of $123.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.
Insider Activity
In other news, Director Amit Agarwal sold 44,444 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $138.34, for a total value of $6,148,382.96. Following the completion of the transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $226,877.60. This trade represents a 96.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,297,706 shares of company stock valued at $170,365,427. 8.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on DDOG shares. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an “overweight” rating in a research report on Thursday, August 7th. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a “buy” rating in a research report on Thursday, August 7th. Wolfe Research upgraded shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Thursday, June 12th. DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Bank of America raised their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.
View Our Latest Stock Report on DDOG
Datadog 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.
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