Asset Management One Co. Ltd. Has $11.41 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Asset Management One Co. Ltd. increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 99,194 shares of the company’s stock after buying an additional 3,151 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Datadog were worth $11,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DDOG. Vanguard Group Inc. lifted its position in Datadog by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock worth $3,390,485,000 after acquiring an additional 171,693 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Datadog by 129.2% during the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after purchasing an additional 344,431 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Datadog by 23.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock valued at $19,635,000 after purchasing an additional 32,217 shares during the period. Plato Investment Management Ltd increased its position in shares of Datadog by 1,648.8% during the first quarter. Plato Investment Management Ltd now owns 5,159 shares of the company’s stock valued at $638,000 after purchasing an additional 4,864 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of Datadog by 5.2% during the second quarter. Clearbridge Investments LLC now owns 259,107 shares of the company’s stock valued at $33,604,000 after purchasing an additional 12,785 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 2.6 %

Shares of NASDAQ DDOG opened at $128.35 on Thursday. The company has a market capitalization of $43.27 billion, a P/E ratio of 285.22, a P/E/G ratio of 22.51 and a beta of 1.10. Datadog, Inc. has a 12 month low of $96.17 and a 12 month high of $138.61. The stock has a 50 day moving average of $119.21 and a 200-day moving average of $119.49.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The company’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. Analysts predict that Datadog, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the completion of the sale, the chief technology officer now directly owns 347,684 shares of the company’s stock, valued at approximately $38,822,395.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now owns 48,411 shares in the company, valued at $5,230,808.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30. Following the completion of the sale, the chief technology officer now owns 347,684 shares of the company’s stock, valued at approximately $38,822,395.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,291 shares of company stock valued at $54,154,859. Company insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Datadog in a report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price target on the stock. Barclays dropped their price target on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. Sanford C. Bernstein lowered their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, DA Davidson upgraded Datadog from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $140.00 in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.54.

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.