Temasek Holdings Private Ltd lifted its position in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 585.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 108,827 shares of the company’s stock after purchasing an additional 92,939 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Datadog were worth $10,797,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DDOG. Brighton Jones LLC bought a new position in shares of Datadog in the 4th quarter valued at about $209,000. Bison Wealth LLC bought a new position in shares of Datadog in the 4th quarter valued at about $228,000. Captrust Financial Advisors boosted its stake in shares of Datadog by 17.6% in the 4th quarter. Captrust Financial Advisors now owns 11,190 shares of the company’s stock valued at $1,599,000 after purchasing an additional 1,677 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Datadog by 24.4% in the 4th quarter. Cetera Investment Advisers now owns 61,603 shares of the company’s stock valued at $8,802,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Datadog in the 4th quarter valued at about $477,000. Institutional investors own 78.29% of the company’s stock.
Datadog Price Performance
NASDAQ DDOG opened at $136.08 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a market capitalization of $47.46 billion, a PE ratio of 388.81, a price-to-earnings-growth ratio of 54.78 and a beta of 1.10. The firm’s 50 day moving average is $137.78 and its 200-day moving average is $119.34.
Insider Transactions at Datadog
In other Datadog news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,505,813 shares of company stock worth $195,879,679 in the last ninety days. Insiders own 8.70% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on DDOG. UBS Group set a $165.00 price target on shares of Datadog and gave the company a “buy” rating in a research report on Thursday, August 7th. Wedbush reiterated an “outperform” rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Guggenheim reiterated a “sell” rating and issued a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Datadog in a research report on Friday, August 8th. Finally, Jefferies Financial Group increased their price target on shares of Datadog from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.10.
Read Our Latest Research Report on DDOG
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.
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