Versant Capital Management Inc Has $40,000 Stake in Datadog, Inc. (NASDAQ:DDOG)

Versant Capital Management Inc boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 216.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307 shares of the company’s stock after buying an additional 210 shares during the quarter. Versant Capital Management Inc’s holdings in Datadog were worth $40,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DDOG. DNB Asset Management AS lifted its stake in Datadog by 1,974.5% during the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after purchasing an additional 806,741 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of Datadog by 48.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the company’s stock valued at $47,000 after acquiring an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Datadog by 70.2% in the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Datadog by 317.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 375,045 shares of the company’s stock valued at $46,427,000 after purchasing an additional 285,140 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Datadog by 3.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 81,180 shares of the company’s stock valued at $10,034,000 after purchasing an additional 2,800 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, COO Adam Blitzer sold 11,946 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,307,489.70. Following the sale, the chief operating officer now owns 236,640 shares in the company, valued at approximately $25,900,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Adam Blitzer sold 11,946 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,307,489.70. Following the sale, the chief operating officer now owns 236,640 shares in the company, valued at approximately $25,900,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the sale, the chief executive officer now owns 324,539 shares in the company, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 771,669 shares of company stock valued at $93,026,032. Company insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $5.23 on Wednesday, reaching $110.70. 1,720,688 shares of the company’s stock were exchanged, compared to its average volume of 4,044,416. The company has a fifty day moving average of $119.67 and a 200-day moving average of $123.34. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a market capitalization of $37.03 billion, a price-to-earnings ratio of 344.63, a PEG ratio of 37.24 and a beta of 1.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. On average, research analysts predict that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. JMP Securities raised shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Monness Crespi & Hardt reaffirmed a “sell” rating and set a $98.00 target price (down previously from $290.00) on shares of Datadog in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.37.

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.