Symphony Financial Ltd. Co. lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,256 shares of the company’s stock after acquiring an additional 1,282 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Datadog were worth $480,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DDOG. Freestone Capital Holdings LLC acquired a new stake in Datadog in the third quarter valued at approximately $26,000. Advisory Alpha LLC acquired a new stake in Datadog in the third quarter valued at approximately $29,000. Captrust Financial Advisors acquired a new stake in Datadog in the second quarter valued at approximately $36,000. Nisa Investment Advisors LLC acquired a new stake in Datadog in the third quarter valued at approximately $41,000. Finally, Clearstead Advisors LLC acquired a new stake in Datadog in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 41.21% of the company’s stock.
Several brokerages have weighed in on DDOG. Mizuho lowered their target price on shares of Datadog from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, November 11th. Rosenblatt Securities began coverage on Datadog in a research report on Wednesday, December 16th. They issued a “neutral” rating and a $97.00 target price on the stock. Needham & Company LLC lifted their price target on Datadog from $106.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, November 11th. Robert W. Baird assumed coverage on Datadog in a research note on Thursday, September 24th. They set a “neutral” rating and a $92.00 price target on the stock. Finally, Barclays reduced their price objective on Datadog from $136.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, November 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. Datadog presently has a consensus rating of “Hold” and a consensus price target of $99.06.
Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Datadog had a positive return on equity of 0.38% and a negative net margin of 1.39%. The firm had revenue of $154.70 million during the quarter, compared to analysts’ expectations of $144.33 million. The firm’s revenue was up 61.1% compared to the same quarter last year. On average, analysts predict that Datadog, Inc. will post -0.02 earnings per share for the current year.
In other Datadog news, CFO David M. Obstler sold 285,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $108.90, for a total transaction of $31,036,500.00. Following the transaction, the chief financial officer now owns 508,335 shares of the company’s stock, valued at $55,357,681.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder (Jersey) Slp Yucca sold 35,033 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $90.04, for a total value of $3,154,371.32. The disclosure for this sale can be found here. Insiders have sold 2,052,217 shares of company stock valued at $206,323,026 over the last quarter. 26.06% of the stock is owned by company insiders.
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, and log management to provide real-time observability of customers technology stack.
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