Banque Cantonale Vaudoise Buys 1,966 Shares of Datadog, Inc. (NASDAQ:DDOG)

Banque Cantonale Vaudoise increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 82.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,348 shares of the company’s stock after purchasing an additional 1,966 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Datadog were worth $564,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DDOG. International Assets Investment Management LLC purchased a new position in shares of Datadog during the 4th quarter valued at $1,915,000. Yousif Capital Management LLC boosted its position in Datadog by 3.2% during the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after purchasing an additional 100 shares during the period. Truist Financial Corp boosted its position in Datadog by 9.1% during the fourth quarter. Truist Financial Corp now owns 20,363 shares of the company’s stock worth $2,472,000 after purchasing an additional 1,691 shares during the period. First Trust Direct Indexing L.P. purchased a new position in shares of Datadog in the fourth quarter worth about $216,000. Finally, Amalgamated Bank raised its position in shares of Datadog by 0.5% in the fourth quarter. Amalgamated Bank now owns 29,210 shares of the company’s stock valued at $3,546,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG stock opened at $116.26 on Monday. The company has a market capitalization of $39.20 billion, a PE ratio of 363.31, a price-to-earnings-growth ratio of 29.66 and a beta of 1.11. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company’s 50 day moving average price is $119.73 and its two-hundred day moving average price is $121.48.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 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 company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue was up 26.7% compared to the same quarter last year. On average, research analysts predict that Datadog, Inc. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DDOG shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research note on Monday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 price target on shares of Datadog in a report on Monday, May 6th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Finally, Loop Capital reiterated a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Four 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’s stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $139.88.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the transaction, the chief technology officer now directly owns 347,684 shares in the company, valued at approximately $38,822,395.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the completion of the sale, the chief technology officer now owns 347,684 shares of the company’s stock, valued at $38,822,395.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $26,332,092.93. Following the completion of the transaction, the chief executive officer now owns 324,539 shares in the company, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 708,471 shares of company stock valued at $84,812,287. Insiders own 11.78% of the company’s stock.

About Datadog

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.