Financial Counselors Inc. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG – Get Rating) by 13.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,163 shares of the company’s stock after acquiring an additional 3,555 shares during the period. Financial Counselors Inc.’s holdings in Datadog were worth $2,589,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of DDOG. Global Retirement Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter valued at about $27,000. O Dell Group LLC acquired a new stake in Datadog in the 2nd quarter worth about $30,000. CoreCap Advisors LLC acquired a new stake in Datadog in the 2nd quarter worth about $32,000. Glassman Wealth Services boosted its holdings in Datadog by 294.6% in the 2nd quarter. Glassman Wealth Services now owns 367 shares of the company’s stock worth $35,000 after buying an additional 274 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Datadog by 95.4% in the 3rd quarter. Allworth Financial LP now owns 557 shares of the company’s stock worth $49,000 after buying an additional 272 shares during the last quarter. 70.93% of the stock is currently owned by institutional investors and hedge funds.
Datadog Trading Up 1.8 %
Shares of NASDAQ DDOG opened at $70.47 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. Datadog, Inc. has a 52-week low of $61.34 and a 52-week high of $184.70. The business’s 50 day moving average is $73.62 and its two-hundred day moving average is $88.04.
Datadog (NASDAQ:DDOG – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Datadog had a positive return on equity of 0.60% and a negative net margin of 0.91%. The company had revenue of $436.53 million for the quarter, compared to analyst estimates of $412.15 million. As a group, equities research analysts predict that Datadog, Inc. will post -0.1 EPS for the current fiscal year.
Insider Transactions at Datadog
In related news, Director Matthew Jacobson acquired 710,429 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were acquired at an average price of $69.45 per share, with a total value of $49,339,294.05. Following the completion of the transaction, the director now owns 423,218 shares of the company’s stock, valued at $29,392,490.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Alexis Le-Quoc sold 71,364 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $78.96, for a total transaction of $5,634,901.44. Following the completion of the transaction, the insider now owns 189,029 shares in the company, valued at $14,925,729.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Jacobson bought 710,429 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were purchased at an average price of $69.45 per share, with a total value of $49,339,294.05. Following the purchase, the director now owns 423,218 shares of the company’s stock, valued at approximately $29,392,490.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,150,006 shares of company stock valued at $79,339,605 and have sold 269,888 shares valued at $19,904,866. Corporate insiders own 15.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DDOG. Robert W. Baird lowered their price objective on Datadog from $120.00 to $100.00 in a report on Friday, November 4th. Oppenheimer upgraded Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Wednesday, December 14th. Canaccord Genuity Group upgraded Datadog from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $120.00 to $110.00 in a report on Thursday, October 20th. Wedbush started coverage on Datadog in a report on Wednesday, December 14th. They set an “outperform” rating and a $101.00 target price on the stock. Finally, KeyCorp boosted their target price on Datadog from $91.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.15.
About Datadog
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.