Lindbrook Capital LLC Acquires 263 Shares of Datadog, Inc. (NASDAQ:DDOG)

Lindbrook Capital LLC grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 88.6% in the 4th quarter, Holdings Channel reports. The fund owned 560 shares of the company’s stock after purchasing an additional 263 shares during the quarter. Lindbrook Capital LLC’s holdings in Datadog were worth $68,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new position in shares of Datadog during the third quarter worth about $189,668,000. Quintet Private Bank Europe S.A. bought a new position in shares of Datadog during the third quarter worth about $270,000. Mengis Capital Management Inc. bought a new position in shares of Datadog during the third quarter worth about $409,000. Bank of New York Mellon Corp grew its holdings in shares of Datadog by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock worth $125,571,000 after buying an additional 33,748 shares in the last quarter. Finally, Cercano Management LLC grew its holdings in shares of Datadog by 40.4% during the third quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock worth $28,198,000 after buying an additional 89,019 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Datadog stock opened at $127.07 on Thursday. The stock’s fifty day moving average price is $125.35 and its two-hundred day moving average price is $116.67. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market cap of $42.17 billion, a PE ratio of 1,058.92 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same quarter last year, the company earned ($0.08) EPS. The company’s revenue was up 25.6% on a year-over-year basis. As a group, research analysts expect that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $4,283,128.38. Following the transaction, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares in the company, valued at approximately $33,414,012.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the transaction, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. Insiders have sold a total of 735,984 shares of company stock worth $94,617,681 in the last 90 days. Company insiders own 14.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DDOG. Citigroup increased their price target on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. Needham & Company LLC increased their price target on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 price target on shares of Datadog in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $152.00 price target on shares of Datadog in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.70.

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.