Mackenzie Financial Corp Has $2.06 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Mackenzie Financial Corp lessened its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,968 shares of the company’s stock after selling 113 shares during the quarter. Mackenzie Financial Corp’s holdings in Datadog were worth $2,060,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DDOG. CWM LLC boosted its holdings in shares of Datadog by 12.2% in the 3rd quarter. CWM LLC now owns 5,289 shares of the company’s stock valued at $482,000 after buying an additional 574 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Datadog by 239.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 727 shares of the company’s stock valued at $72,000 after purchasing an additional 513 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Datadog by 54.5% during the 3rd quarter. Global Retirement Partners LLC now owns 649 shares of the company’s stock valued at $57,000 after purchasing an additional 229 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Datadog by 6.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the company’s stock valued at $213,000 after purchasing an additional 150 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Datadog by 83.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,984 shares of the company’s stock valued at $1,001,000 after purchasing an additional 5,002 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated 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 $33,414,012.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the sale, the executive now directly owns 162,706 shares in the company, valued at $21,129,001.16. 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 over the last 90 days. Insiders own 14.97% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price target (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Barclays raised their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Robert W. Baird increased their price objective on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Mizuho increased their price objective on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Stock Performance

Datadog stock opened at $126.44 on Wednesday. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $125.53 and its two-hundred day moving average price is $116.60. The stock has a market cap of $41.96 billion, a PE ratio of 1,053.67 and a beta of 1.16.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $568.73 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

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.