MBB Public Markets I LLC Invests $2.47 Million in Datadog, Inc. (NASDAQ:DDOG)

MBB Public Markets I LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,041 shares of the company’s stock, valued at approximately $2,469,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Kodai Capital Management LP bought a new position in Datadog in the 1st quarter worth $116,054,000. 1832 Asset Management L.P. lifted its stake in shares of Datadog by 47.9% in the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after purchasing an additional 848,000 shares during the period. DNB Asset Management AS boosted its position in shares of Datadog by 1,974.5% during the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock valued at $109,925,000 after purchasing an additional 806,741 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Datadog by 1,597.9% in the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock worth $101,841,000 after purchasing an additional 739,011 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Datadog by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after purchasing an additional 734,539 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DDOG shares. Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 target price on shares of Datadog in a report on Monday, July 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $151.00 price target on shares of Datadog in a research note on Friday, August 9th. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Thursday, August 1st. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Datadog 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.88.

Datadog Trading Down 0.0 %

Shares of DDOG stock opened at $114.20 on Friday. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The stock 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. The company has a 50 day simple moving average of $113.81 and a two-hundred day simple moving average of $119.35.

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

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 9,256 shares of the firm’s 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 sale, the director now directly owns 48,411 shares in the company, valued at approximately $5,230,808.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Olivier Pomel sold 200,993 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of Datadog 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 sale, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 550,096 shares of company stock worth $67,067,959. Company insiders own 11.78% of the company’s stock.

Datadog 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.