Commerce Bank Acquires 250 Shares of Datadog, Inc. (NASDAQ:DDOG)

Commerce Bank increased its position in Datadog, Inc. (NASDAQ:DDOG) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,571 shares of the company’s stock after buying an additional 250 shares during the quarter. Commerce Bank’s holdings in Datadog were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DDOG. US Bancorp DE increased its stake in shares of Datadog by 17.2% in the second quarter. US Bancorp DE now owns 1,091 shares of the company’s stock worth $113,000 after buying an additional 160 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Datadog by 11.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,357 shares of the company’s stock worth $3,368,000 after buying an additional 3,377 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Datadog by 72.3% in the second quarter. Rockefeller Capital Management L.P. now owns 10,607 shares of the company’s stock worth $1,102,000 after buying an additional 4,450 shares during the period. Ethic Inc. purchased a new position in shares of Datadog in the second quarter worth $222,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Datadog by 6.7% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 29,837 shares of the company’s stock worth $3,105,000 after buying an additional 1,875 shares during the period. 62.94% of the stock is currently owned by institutional investors.

In other news, Director Dev Ittycheria sold 60,000 shares of the company’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $191.85, for a total transaction of $11,511,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Richardson sold 3,906 shares of the company’s stock in a transaction dated Monday, October 18th. The shares were sold at an average price of $157.19, for a total transaction of $613,984.14. The disclosure for this sale can be found here. Insiders have sold a total of 2,305,923 shares of company stock worth $397,526,530 in the last 90 days. Company insiders own 20.23% of the company’s stock.

DDOG has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Datadog from $164.00 to $200.00 and gave the company an “overweight” rating in a research report on Sunday, November 7th. Needham & Company LLC boosted their price objective on shares of Datadog from $173.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, November 8th. Rosenblatt Securities boosted their price objective on shares of Datadog from $120.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 29th. Citigroup boosted their price objective on shares of Datadog from $188.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 5th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Datadog from $160.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, November 5th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $169.57.

Shares of Datadog stock opened at $138.28 on Friday. The firm’s 50-day moving average is $172.77 and its 200 day moving average is $147.43. Datadog, Inc. has a 1 year low of $69.73 and a 1 year high of $199.68. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.77.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $270.50 million for the quarter, compared to analysts’ expectations of $247.82 million. Datadog had a negative net margin of 5.01% and a negative return on equity of 2.72%. The business’s revenue for the quarter was up 74.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. Equities analysts expect that Datadog, Inc. will post -0.06 EPS for the current year.

Datadog Company Profile

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, log management, and security monitoring to provide real-time observability of customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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