1,000 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Datadog by 36.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,960,579 shares of the company’s stock worth $2,181,577,000 after buying an additional 5,600,262 shares during the period. Vanguard Group Inc. boosted its position in shares of Datadog by 5.7% during the second quarter. Vanguard Group Inc. now owns 19,845,493 shares of the company’s stock worth $2,065,519,000 after buying an additional 1,073,553 shares during the period. Baillie Gifford & Co. boosted its position in shares of Datadog by 4.7% during the second quarter. Baillie Gifford & Co. now owns 6,755,103 shares of the company’s stock worth $703,071,000 after buying an additional 305,119 shares during the period. Brown Capital Management LLC boosted its position in shares of Datadog by 9.9% during the second quarter. Brown Capital Management LLC now owns 4,893,004 shares of the company’s stock worth $509,264,000 after buying an additional 440,562 shares during the period. Finally, Artisan Partners Limited Partnership boosted its position in shares of Datadog by 7.0% during the second quarter. Artisan Partners Limited Partnership now owns 3,393,308 shares of the company’s stock worth $353,176,000 after buying an additional 221,681 shares during the period. Institutional investors and hedge funds own 58.23% of the company’s stock.

In related news, Director Shardul Shah sold 13,506 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $178.00, for a total transaction of $2,404,068.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 145,472 shares of the firm’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $184.45, for a total value of $26,832,310.40. The disclosure for this sale can be found here. Insiders have sold 2,848,402 shares of company stock worth $464,208,257 in the last quarter. Insiders own 20.23% of the company’s stock.

Several research firms have recently commented on DDOG. Monness Crespi & Hardt raised their price target on Datadog from $160.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, November 5th. Mizuho increased their price objective on Datadog from $170.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 5th. JMP Securities reiterated a “hold” rating on shares of Datadog in a research note on Friday, August 20th. Zacks Investment Research upgraded Datadog from a “sell” rating to a “hold” rating and set a $139.00 price objective on the stock in a research note on Monday, August 9th. Finally, Citigroup increased their price objective on Datadog from $188.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $171.55.

Datadog stock opened at $180.34 on Thursday. Datadog, Inc. has a 1-year low of $69.73 and a 1-year high of $199.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.94 and a quick ratio of 3.94. The stock has a market cap of $56.27 billion, a PE ratio of -1,288.05 and a beta of 1.05. The stock’s fifty day moving average is $161.79 and its two-hundred day moving average is $128.44.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 4th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. Datadog had a negative return on equity of 2.72% and a negative net margin of 5.01%. The business had revenue of $270.50 million for the quarter, compared to analysts’ expectations of $247.82 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The business’s revenue was up 74.9% compared to the same quarter last year. On average, research analysts expect that Datadog, Inc. will post -0.06 earnings per share for the current fiscal year.

About Datadog

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, log management, and security monitoring to provide real-time observability of customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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