Symphony Financial Ltd. Co. grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 32.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,256 shares of the company’s stock after buying 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 institutional investors and hedge funds have also bought and sold shares of DDOG. Freestone Capital Holdings LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at approximately $26,000. Advisory Alpha LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at approximately $29,000. Captrust Financial Advisors acquired a new stake in shares of Datadog in the 2nd quarter valued at approximately $36,000. Nisa Investment Advisors LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at approximately $41,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at approximately $45,000. 41.21% of the stock is owned by institutional investors and hedge funds.
DDOG has been the subject of several recent analyst reports. Berenberg Bank initiated coverage on Datadog in a report on Wednesday, October 7th. They issued a “hold” rating and a $103.00 price target for the company. Barclays reduced their price objective on Datadog from $136.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, November 11th. Loop Capital lifted their price objective on Datadog from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. KeyCorp initiated coverage on Datadog in a report on Monday, November 23rd. They set a “sector weight” rating for the company. Finally, JPMorgan Chase & Co. cut Datadog from an “overweight” rating to a “neutral” rating and set a $90.00 price objective for the company. in a report on Wednesday, November 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $99.06.
Shares of NASDAQ:DDOG opened at $104.85 on Thursday. The company has a market cap of $31.93 billion, a P/E ratio of -3,493.84 and a beta of 1.19. The company has a quick ratio of 6.49, a current ratio of 6.49 and a debt-to-equity ratio of 0.61. Datadog, Inc. has a 52 week low of $28.88 and a 52 week high of $118.13. The business has a fifty day simple moving average of $100.17 and a 200-day simple moving average of $93.38.
Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $144.33 million. The business’s revenue was up 61.1% compared to the same quarter last year. Sell-side analysts expect that Datadog, Inc. will post -0.02 earnings per share for the current fiscal year.
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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