Gulf International Bank UK Ltd Sells 934 Shares of Datadog, Inc. (NASDAQ:DDOG)

Gulf International Bank UK Ltd reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,983 shares of the company’s stock after selling 934 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Datadog were worth $2,759,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. SouthState Corp bought a new position in shares of Datadog in the second quarter worth about $26,000. Blue Trust Inc. acquired a new stake in Datadog in the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after buying an additional 127 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Datadog during the third quarter worth $39,000. Finally, Versant Capital Management Inc increased its holdings in shares of Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Kerry Acocella sold 2,452 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the sale, the general counsel now directly owns 74,421 shares of the company’s stock, valued at $8,934,985.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Datadog news, General Counsel Kerry Acocella sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the sale, the general counsel now directly owns 74,421 shares of the company’s stock, valued at approximately $8,934,985.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the sale, the chief executive officer now directly owns 392,111 shares of the company’s stock, valued at approximately $48,076,729.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,291 shares of company stock worth $54,154,859. Insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $128.35 on Thursday. Datadog, Inc. has a 52-week low of $96.17 and a 52-week high of $138.61. The business’s 50 day simple moving average is $119.21 and its two-hundred day simple moving average is $119.49. The firm has a market cap of $43.27 billion, a P/E ratio of 285.22, a PEG ratio of 22.51 and a beta of 1.10.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a return on equity of 9.01% and a net margin of 6.81%. Datadog’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group restated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price target on shares of Datadog in a report on Monday, July 22nd. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada reissued an “outperform” rating and set a $151.00 target price on shares of Datadog in a report on Friday, August 9th. Finally, Barclays dropped their price target on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $142.54.

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.