Blue Trust Inc. invests $37,000 in Datadog, Inc. (NASDAQ:DDOG)

VaselineAugust 27, 2024

0 4 minutes read

Blue Trust Inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 299 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new stake in shares of Datadog in the 1st quarter worth $26,000. Raleigh Capital Management Inc. purchased a new stake in Datadog during the fourth quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in Datadog during the fourth quarter valued at about $33,000. Quest Partners LLC purchased a new position in Datadog in the fourth quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts have recently issued reports on DDOG shares. Scotiabank cut their price target on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a report on Friday, August 9th. UBS Group boosted their price target on Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 target price on shares of Datadog in a research note on Monday, May 6th. JMP Securities raised Datadog to a “hold” rating in a research report on Wednesday, May 8th. Finally, BMO Capital Markets cut their price target on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th . Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Moderate Buy” and a consensus price target of $139.88, based on data from MarketBeat.

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Insider activity at Datadog

In other Datadog news, insider Madre Armelle De sold 4,442 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $486,176.90. Following the sale, the insider now owns 95,523 shares of the company’s stock, valued at $10,454,992.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other Datadog news, insider Madre Armelle De sold 4,442 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total value of $486,176.90. Following the completion of the transaction, the insider now owns 95,523 shares in the company, valued at $10,454,992.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $111.66, for a total value of $14,192,544.30. Following the sale, the chief technology officer now owns 347,684 shares in the company, valued at approximately $38,822,395.44. The disclosure for this sale can be found here. Insiders have sold 857,006 shares of company stock worth $101,040,823 over the last three months. 11.78% of shares are owned by insiders.

Datadog price performance

Shares of DDOG stock opened at $117.23 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43, and a debt-to-equity ratio of 0.34. The company’s fifty-day simple moving average is $119.85, and its 200-day simple moving average is $122.23. The firm has a market cap of $39.21 billion, a price-to-earnings ratio of 366.34, a PEG ratio of 37.24 and a beta of 1.11. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Datadog’s quarterly revenue was up 26.7% year over year. In the same period last year, the company earned $0.36 per share. Equities analysts estimate that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Datadog Company 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.