AQR Capital Management LLC Has $17.64 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

AQR Capital Management LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 65.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 135,983 shares of the company’s stock after selling 259,476 shares during the quarter. AQR Capital Management LLC’s holdings in Datadog were worth $17,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DDOG. Baader Bank Aktiengesellschaft increased its stake in shares of Datadog by 1.5% in 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 grew its holdings in Datadog by 3.3% during the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after acquiring an additional 79 shares during the last quarter. HB Wealth Management LLC increased its position in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after acquiring an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Datadog by 1.2% in the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after acquiring an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC lifted its position 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. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now directly owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now owns 48,411 shares in the company, valued at $5,230,808.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 422,991 shares of company stock worth $50,448,980. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Up 0.8 %

Shares of NASDAQ:DDOG opened at $115.06 on Tuesday. The firm has a market cap of $38.49 billion, a price-to-earnings ratio of 359.56, a PEG ratio of 28.94 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 company’s fifty day simple moving average is $113.69 and its 200 day simple moving average is $119.27.

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

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of research reports. Scotiabank lowered 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. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI started coverage on Datadog in a report on Monday, July 15th. They set an “outperform” rating and a $150.00 price objective for the company. Finally, BMO Capital Markets reduced their target price on shares of Datadog from $140.00 to $132.00 and set an “outperform” rating on the stock in a research note 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.88.

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.