7,261 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,261 shares of the company’s stock, valued at approximately $954,000.

Several other hedge funds have also bought and sold shares of DDOG. O Dell Group LLC acquired a new position in shares of Datadog in the 4th quarter valued at $273,000. Raleigh Capital Management Inc. acquired a new position in shares of Datadog in the fourth quarter worth about $29,000. Sierra Summit Advisors LLC purchased a new stake in shares of Datadog during the 4th quarter worth about $4,527,000. Syon Capital LLC acquired a new stake in shares of Datadog during the 4th quarter valued at about $666,000. Finally, American International Group Inc. increased its stake in shares of Datadog by 2.0% in the 4th quarter. American International Group Inc. now owns 25,619 shares of the company’s stock valued at $3,110,000 after purchasing an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $129.81 on Friday. The company has a market capitalization of $43.77 billion, a PE ratio of 288.47, a price-to-earnings-growth ratio of 22.85 and a beta of 1.11. The firm’s 50-day moving average is $114.75 and its two-hundred day moving average is $119.32. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business had revenue of $645.28 million during the quarter, compared to the consensus estimate of $624.92 million. During the same quarter last year, the firm earned $0.36 EPS. The business’s revenue was up 26.7% compared to the same quarter last year. Sell-side analysts forecast that Datadog, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DDOG shares. Barclays lowered their price target on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Needham & Company LLC decreased their target price on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. 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. BNP Paribas assumed coverage on shares of Datadog in a research report on Tuesday. They set an “outperform” rating and a $150.00 price objective for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $141.19.

Insider Buying and Selling at Datadog

In other news, CFO David M. Obstler sold 33,333 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $125.70, for a total transaction of $4,189,958.10. Following the completion of the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $39,489,660.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO David M. Obstler sold 33,333 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $125.70, for a total value of $4,189,958.10. Following the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at approximately $39,489,660.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the transaction, the executive now owns 183,512 shares in the company, valued at approximately $22,939,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 361,574 shares of company stock worth $41,291,591 over the last quarter. 11.78% of the stock is currently owned by company insiders.

Datadog Company 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.