Toronto Dominion Bank Purchases 2,259 Shares of Datadog, Inc. (NASDAQ:DDOG)

Toronto Dominion Bank boosted its position in Datadog, Inc. (NASDAQ:DDOGGet Rating) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,862 shares of the company’s stock after buying an additional 2,259 shares during the quarter. Toronto Dominion Bank’s holdings in Datadog were worth $4,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC raised its position in Datadog by 122.0% in the 1st quarter. Simon Quick Advisors LLC now owns 222 shares of the company’s stock worth $34,000 after purchasing an additional 122 shares during the period. ICICI Prudential Asset Management Co Ltd increased its holdings in shares of Datadog by 19.7% in the first quarter. ICICI Prudential Asset Management Co Ltd now owns 759 shares of the company’s stock worth $114,000 after buying an additional 125 shares during the period. Veritable L.P. lifted its stake in shares of Datadog by 9.7% in the 1st quarter. Veritable L.P. now owns 1,729 shares of the company’s stock valued at $262,000 after acquiring an additional 153 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Datadog by 29.6% in the 1st quarter. Quadrant Capital Group LLC now owns 691 shares of the company’s stock valued at $105,000 after acquiring an additional 158 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Datadog by 3.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 5,791 shares of the company’s stock valued at $877,000 after acquiring an additional 172 shares during the period. 71.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent research reports. Moffett Nathanson began coverage on Datadog in a research report on Thursday, September 22nd. They issued a “buy” rating and a $143.00 price objective for the company. Credit Suisse Group started coverage on shares of Datadog in a report on Friday, September 23rd. They issued an “outperform” rating and a $145.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Datadog from $125.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, October 17th. Stifel Nicolaus cut their target price on Datadog from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 16th. Finally, Barclays lowered their price target on Datadog from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Five investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Datadog Price Performance

Shares of DDOG opened at $75.31 on Friday. Datadog, Inc. has a fifty-two week low of $66.45 and a fifty-two week high of $187.70. The firm’s 50-day simple moving average is $82.93 and its two-hundred day simple moving average is $94.13. The stock has a market cap of $23.92 billion, a PE ratio of -1,506.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.23 and a current ratio of 3.23.

Datadog (NASDAQ:DDOGGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Datadog had a positive return on equity of 0.60% and a negative net margin of 0.91%. The company had revenue of $436.53 million for the quarter, compared to the consensus estimate of $412.15 million. Analysts anticipate that Datadog, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David M. Obstler sold 2,500 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $100.25, for a total transaction of $250,625.00. Following the sale, the chief financial officer now directly owns 200,448 shares of the company’s stock, valued at approximately $20,094,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO David M. Obstler sold 2,500 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $100.25, for a total transaction of $250,625.00. Following the sale, the chief financial officer now owns 200,448 shares in the company, valued at $20,094,912. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Madre Armelle De sold 1,875 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $90.00, for a total transaction of $168,750.00. Following the sale, the insider now directly owns 65,158 shares of the company’s stock, valued at approximately $5,864,220. The disclosure for this sale can be found here. Insiders sold 86,506 shares of company stock worth $7,057,756 over the last three months. 15.80% of the stock is currently owned by corporate insiders.

About Datadog

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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 its customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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