First Manhattan CO. LLC. Buys 175 Shares of Datadog, Inc. (NASDAQ:DDOG)

First Manhattan CO. LLC. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270 shares of the company’s stock after buying an additional 175 shares during the quarter. First Manhattan CO. LLC.’s holdings in Datadog were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Wealth Enhancement Advisory Services LLC lifted its holdings in Datadog by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,883 shares of the company’s stock valued at $1,698,000 after buying an additional 137 shares in the last quarter. Green Alpha Advisors LLC raised its holdings in shares of Datadog by 18.3% in the 4th quarter. Green Alpha Advisors LLC now owns 3,301 shares of the company’s stock valued at $472,000 after purchasing an additional 511 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Datadog in the 4th quarter valued at about $43,000. Wedmont Private Capital raised its holdings in shares of Datadog by 8.3% in the 4th quarter. Wedmont Private Capital now owns 2,149 shares of the company’s stock valued at $302,000 after purchasing an additional 164 shares in the last quarter. Finally, Cooper Financial Group raised its holdings in shares of Datadog by 10.5% in the 4th quarter. Cooper Financial Group now owns 1,996 shares of the company’s stock valued at $285,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $107.88 on Monday. The firm has a fifty day moving average price of $100.20 and a 200 day moving average price of $125.85. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The stock has a market cap of $36.98 billion, a P/E ratio of 211.53, a P/E/G ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. Equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DDOG. UBS Group boosted their price target on shares of Datadog from $120.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Needham & Company LLC reduced their price target on shares of Datadog from $160.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays boosted their price target on shares of Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. Wedbush reduced their price target on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $134.00 price target on shares of Datadog in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.54.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the completion of the transaction, the director now directly owns 82,324 shares in the company, valued at approximately $9,402,224.04. This represents a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 47,306 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $107.40, for a total transaction of $5,080,664.40. Following the transaction, the director now owns 25,468 shares of the company’s stock, valued at $2,735,263.20. This represents a 65.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 559,867 shares of company stock worth $57,550,902. 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.