Allianz Asset Management GmbH Purchases 213,641 Shares of Datadog, Inc. (NASDAQ:DDOG)

Allianz Asset Management GmbH increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 17.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,432,013 shares of the company’s stock after buying an additional 213,641 shares during the quarter. Allianz Asset Management GmbH’s holdings in Datadog were worth $202,415,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Datadog by 36.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,960,579 shares of the company’s stock valued at $2,181,577,000 after purchasing an additional 5,600,262 shares in the last quarter. Melvin Capital Management LP bought a new position in Datadog in the second quarter valued at approximately $130,100,000. Lord Abbett & CO. LLC grew its stake in Datadog by 1,886.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,258,225 shares of the company’s stock valued at $177,850,000 after purchasing an additional 1,194,870 shares in the last quarter. Vanguard Group Inc. grew its stake in Datadog by 5.7% in the second quarter. Vanguard Group Inc. now owns 19,845,493 shares of the company’s stock valued at $2,065,519,000 after purchasing an additional 1,073,553 shares in the last quarter. Finally, Amundi bought a new position in Datadog in the second quarter valued at approximately $107,391,000. Institutional investors and hedge funds own 62.94% of the company’s stock.

A number of research firms have weighed in on DDOG. Needham & Company LLC raised their price target on Datadog from $173.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, November 8th. Monness Crespi & Hardt raised their price target on Datadog from $160.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, November 5th. Loop Capital raised their price objective on Datadog from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 5th. Jefferies Financial Group cut their price objective on Datadog from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 6th. Finally, JPMorgan Chase & Co. cut Datadog from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $212.00 to $195.00 in a research report on Tuesday, December 14th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Datadog has an average rating of “Buy” and an average target price of $169.57.

NASDAQ:DDOG opened at $138.28 on Friday. The stock has a market cap of $43.15 billion, a P/E ratio of -987.64 and a beta of 1.01. The stock has a 50 day simple moving average of $172.77 and a 200 day simple moving average of $147.43. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.77. Datadog, Inc. has a 1-year low of $69.73 and a 1-year high of $199.68.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 4th. The company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. Datadog had a negative return on equity of 2.72% and a negative net margin of 5.01%. The firm had revenue of $270.50 million for the quarter, compared to analyst estimates of $247.82 million. During the same quarter last year, the company earned ($0.02) EPS. The company’s revenue was up 74.9% on a year-over-year basis. As a group, sell-side analysts forecast that Datadog, Inc. will post -0.06 EPS for the current year.

In other news, Director Dev Ittycheria sold 60,000 shares of Datadog stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $191.85, for a total value of $11,511,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexis Le-Quoc sold 343,360 shares of Datadog stock in a transaction on Tuesday, October 19th. The shares were sold at an average price of $158.21, for a total value of $54,322,985.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,305,923 shares of company stock worth $397,526,530. Corporate insiders own 20.23% of the company’s stock.

Datadog Profile

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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