MBB Public Markets I LLC buys new shares in Datadog, Inc. (NASDAQ:DDOG)

MBB Public Markets I LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 19,041 shares of the company’s stock, valued at approximately $2,469,000.

A number of other hedge funds have also bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its stake in Datadog by 1.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after purchasing an additional 77 shares during the period. First National Trust Co boosted its holdings in shares of Datadog by 3.3% in the first quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after purchasing an additional 79 shares during the period. HB Wealth Management LLC raised its holdings in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after acquiring an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Datadog by 1.2% in the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after purchasing an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC increased its holdings in shares of Datadog by 31.6% in the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after acquiring an additional 104 shares during the period. Institutional investors own 78.29% of the company’s shares.

The Wall Street analyst weighs in

A number of equities research analysts recently weighed in on DDOG shares. Barclays reduced their price objective on Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of Datadog in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $151.00 target price on shares of Datadog in a research note on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. Finally, UBS Group boosted their target price on shares of Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $139.88, according to MarketBeat.

Get the latest research report on DDOG

Datadog price performance

Shares of NASDAQ:DDOG opened at $114.20 on Friday. The firm has a market cap of $38.20 billion, a price-to-earnings ratio of 356.88, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11. The company’s 50-day moving average price is $113.81 and its 200-day moving average price is $119.35. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG – Get Your Free Report ) last announced its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The company had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. In the same quarter last year, the company earned $0.36 per share. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, sell-side analysts expect that Datadog, Inc. to post 0.42 earnings per share for the current year.

Insiders place their bets

In other news, CEO Olivier Pomel sold 200,993 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $42,517,854.39. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $42,517,854.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 550,096 shares of company stock worth $67,067,959. Corporate insiders own 11.78% of the company’s shares.

Datadog profile

(Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, dataflow 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.

See Also

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