Vanguard Personalized Indexing Management LLC Raises Stake in Datadog, Inc. (NASDAQ:DDOG)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,423 shares of the company’s stock after buying an additional 486 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Datadog were worth $1,999,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Amalgamated Bank increased its stake in shares of Datadog by 6.5% during the 2nd quarter. Amalgamated Bank now owns 20,202 shares of the company’s stock worth $2,620,000 after purchasing an additional 1,236 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Datadog by 156.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 9,208 shares of the company’s stock worth $1,196,000 after buying an additional 5,615 shares during the last quarter. L & S Advisors Inc raised its stake in shares of Datadog by 7.9% in the second quarter. L & S Advisors Inc now owns 12,078 shares of the company’s stock valued at $1,566,000 after buying an additional 888 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of Datadog during the 2nd quarter valued at $1,032,000. Finally, Quantbot Technologies LP grew its stake in shares of Datadog by 125.2% during the 2nd quarter. Quantbot Technologies LP now owns 34,845 shares of the company’s stock worth $4,519,000 after acquiring an additional 19,374 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 0.7 %

DDOG opened at $114.76 on Friday. The stock has a market capitalization of $38.39 billion, a P/E ratio of 358.63, a PEG ratio of 27.84 and a beta of 1.11. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The stock has a 50-day moving average price of $114.64 and a 200-day moving average price of $119.62.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Datadog, Inc. will post 0.41 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Loop Capital restated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research note on Friday, July 5th. Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and boosted their price target for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Barclays cut their price objective on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $151.00 target price on shares of Datadog in a report on Friday, August 9th. Finally, BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target for the company in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.88.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Olivier Pomel sold 200,993 shares of the 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 sale, the chief executive officer now owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 5,955 shares of Datadog stock in a transaction on Monday, June 24th. The stock was sold at an average price of $120.09, for a total transaction of $715,135.95. Following the completion of the transaction, the general counsel now directly owns 85,787 shares in the company, valued at $10,302,160.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 561,997 shares of company stock valued at $68,517,631. Insiders own 11.78% of the company’s stock.

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.