Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in Datadog, Inc. (NASDAQ:DDOG) by 35.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 86,246 shares of the company’s stock after acquiring an additional 22,499 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Datadog were worth $11,188,000 at the end of the most recent quarter.

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

Datadog Stock Performance

Shares of DDOG opened at $114.76 on Friday. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 358.63, a price-to-earnings-growth ratio of 27.84 and a beta of 1.11. The firm has a fifty day moving average of $114.64 and a 200-day moving average of $119.60.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 return on equity of 9.01% and a net margin of 6.81%. The business had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 26.7% on a year-over-year basis. Analysts predict that Datadog, Inc. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of recent research reports. Scotiabank lowered their target price on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, August 9th. Needham & Company LLC dropped their price objective on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. UBS Group upped 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. Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research note on Tuesday, July 16th. Finally, Barclays decreased their price objective on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Insider Activity

In related news, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $125.00, for a total transaction of $218,625.00. Following the completion of the transaction, the insider now owns 92,025 shares of the company’s stock, valued at $11,503,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the transaction, the chief technology officer now owns 279,025 shares of the company’s stock, valued at $36,482,518.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Madre Armelle De sold 1,749 shares of Datadog stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $125.00, for a total value of $218,625.00. Following the completion of the transaction, the insider now owns 92,025 shares in the company, valued at $11,503,125. The disclosure for this sale can be found here. Insiders sold 561,997 shares of company stock worth $68,517,631 over the last three months. Corporate insiders own 11.78% of the company’s stock.

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.