Heritage Investors Management Corp Acquires New Shares in Datadog, Inc. (NASDAQ:DDOG)

Heritage Investors Management Corp bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 10,056 shares of the company’s stock, valued at approximately $1,157,000.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp bought a new position in Datadog during the 2nd quarter worth about $26,000. Blue Trust Inc. bought a new position in Datadog during the 2nd quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. American National Bank & Trust bought a new position in Datadog during the 3rd quarter worth about $39,000. Finally, Versant Capital Management Inc increased its holdings in Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research note on Monday, July 22nd. Scotiabank reduced their price objective on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research note on Friday, August 9th. Evercore ISI assumed coverage on shares of Datadog in a research note on Monday, July 15th. They set an “outperform” rating and a $150.00 price objective for the company. UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $142.54.

Datadog Price Performance

Shares of Datadog stock opened at $125.05 on Wednesday. Datadog, Inc. has a fifty-two week low of $79.07 and a fifty-two week high of $138.61. The firm has a market capitalization of $42.16 billion, a P/E ratio of 277.90, a P/E/G ratio of 22.51 and a beta of 1.10. The company’s 50 day moving average price is $118.91 and its two-hundred day moving average price is $119.43.

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

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, August 12th. The shares were sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the transaction, the chief technology officer now owns 347,684 shares in the company, valued at approximately $38,822,395.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, August 12th. The shares were sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the transaction, the chief technology officer now owns 347,684 shares in the company, valued at approximately $38,822,395.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 2,452 shares of Datadog stock in a transaction on Friday, October 4th. The stock was sold at an average price of $120.06, for a total transaction of $294,387.12. Following the transaction, the general counsel now owns 74,421 shares in the company, valued at approximately $8,934,985.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,291 shares of company stock worth $54,154,859 over the last quarter. Corporate insiders own 11.78% of the company’s stock.

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.