Phoenix Holdings Ltd. acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,687 shares of the company’s stock, valued at approximately $230,000.
A number of other hedge funds also recently added to or reduced their stakes in DDOG. Royal Bank of Canada lifted its holdings in shares of Datadog by 231.0% during the first quarter. Royal Bank of Canada now owns 8,175 shares of the company’s stock worth $294,000 after buying an additional 5,705 shares in the last quarter. State Street Corp lifted its holdings in shares of Datadog by 3.5% during the first quarter. State Street Corp now owns 14,900 shares of the company’s stock worth $536,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Datadog during the second quarter worth $1,146,000. SG Americas Securities LLC lifted its holdings in shares of Datadog by 94.5% during the second quarter. SG Americas Securities LLC now owns 10,897 shares of the company’s stock worth $947,000 after buying an additional 5,294 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Datadog during the second quarter worth $424,000. 41.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Loop Capital lifted their target price on Datadog from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. DA Davidson lifted their target price on Datadog from $52.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. downgraded Datadog from an “overweight” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Wednesday, November 11th. Summit Insights initiated coverage on Datadog in a research note on Monday, September 21st. They issued a “sell” rating for the company. Finally, ValuEngine downgraded Datadog from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Datadog presently has a consensus rating of “Hold” and an average price target of $96.00.
Shares of NASDAQ DDOG opened at $89.09 on Friday. The company has a current ratio of 6.49, a quick ratio of 6.49 and a debt-to-equity ratio of 0.61. The company has a market cap of $27.02 billion, a price-to-earnings ratio of -2,968.68 and a beta of 1.40. Datadog, Inc. has a 12 month low of $28.88 and a 12 month high of $118.13. The stock has a 50-day moving average price of $100.12 and a two-hundred day moving average price of $85.83.
Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, November 10th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $154.70 million during the quarter, compared to the consensus estimate of $144.33 million. Datadog had a positive return on equity of 0.38% and a negative net margin of 1.39%. The business’s revenue was up 61.1% on a year-over-year basis. On average, sell-side analysts predict that Datadog, Inc. will post -0.02 earnings per share for the current year.
In other news, CFO David M. Obstler sold 35,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $81.98, for a total transaction of $2,869,300.00. Following the sale, the chief financial officer now directly owns 208,716 shares in the company, valued at $17,110,537.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael James Callahan sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $82.41, for a total value of $824,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,302,451 shares of company stock valued at $131,236,327. Insiders own 26.06% of the company’s stock.
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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