Bank Julius Baer & Co. Ltd Zurich Sells 31,543 Shares of Datadog, Inc. (NASDAQ:DDOG)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 26.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 89,184 shares of the company’s stock after selling 31,543 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Datadog were worth $9,203,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Datadog by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock worth $4,337,316,000 after acquiring an additional 220,527 shares in the last quarter. Groupama Asset Managment increased its position in shares of Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 9.6% during the fourth quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock worth $811,076,000 after acquiring an additional 499,055 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Datadog by 4.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,656,379 shares of the company’s stock worth $461,959,000 after acquiring an additional 180,100 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $144.89 on Wednesday. The company has a 50 day moving average price of $127.40 and a 200-day moving average price of $120.44. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market capitalization of $50.04 billion, a PE ratio of 314.99, a P/E/G ratio of 79.89 and a beta of 1.03. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 47,306 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $107.40, for a total transaction of $5,080,664.40. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $2,735,263.20. This represents a 65.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the sale, the chief technology officer directly owned 466,535 shares in the company, valued at approximately $49,373,399.05. The trade was a 21.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 957,666 shares of company stock valued at $117,576,223. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DDOG shares. Rosenblatt Securities reduced their price objective on shares of Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, May 5th. DA Davidson upped their price objective on shares of Datadog from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Bank of America boosted their target price on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Barclays boosted their target price on shares of Datadog from $128.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Morgan Stanley boosted their target price on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.79.

Datadog Company 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.