Fiera Capital Corp Buys 11,745 Shares of Datadog, Inc. (NASDAQ:DDOG)

Fiera Capital Corp increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 25.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,239 shares of the company’s stock after acquiring an additional 11,745 shares during the period. Fiera Capital Corp’s holdings in Datadog were worth $7,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. MA purchased a new position in shares of Datadog in the first quarter valued at about $1,083,000. Vanguard Group Inc. lifted its holdings in Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after buying an additional 171,693 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Datadog in the 4th quarter worth approximately $33,000. Los Angeles Capital Management LLC increased its stake in shares of Datadog by 9.3% during the first quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock valued at $32,732,000 after buying an additional 22,544 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after acquiring an additional 344,431 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Down 0.0 %

Datadog stock opened at $114.20 on Monday. The business has a 50-day simple moving average of $113.81 and a two-hundred day simple moving average of $119.32. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a market cap of $38.20 billion, a P/E ratio of 356.88, a P/E/G ratio of 28.94 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its 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 during 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 firm’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. Research analysts anticipate that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction dated 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 transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Olivier Pomel sold 200,993 shares of the business’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 value of $26,332,092.93. Following the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were 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 of the company’s stock, valued at $38,822,395.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 422,991 shares of company stock worth $50,448,980. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research analyst reports. Loop Capital reissued a “buy” rating and set a $160.00 price objective on shares of Datadog in a research report on Friday, July 5th. Needham & Company LLC cut their price objective on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Monday, July 22nd. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $135.00 to $155.00 in a research report on Tuesday, July 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a report on Friday, August 9th. Four investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

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.