Verus Capital Partners LLC Has $418,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

Verus Capital Partners LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,384 shares of the company’s stock after purchasing an additional 147 shares during the quarter. Verus Capital Partners LLC’s holdings in Datadog were worth $418,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Meeder Advisory Services Inc. raised its stake in Datadog by 9.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 2,388 shares of the company’s stock worth $295,000 after buying an additional 197 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Datadog during the 1st quarter valued at about $356,000. Swiss National Bank grew its position in shares of Datadog by 2.9% in the 1st quarter. Swiss National Bank now owns 818,000 shares of the company’s stock valued at $101,105,000 after purchasing an additional 23,100 shares during the period. Forsta AP Fonden increased its stake in Datadog by 34.7% during the 1st quarter. Forsta AP Fonden now owns 64,100 shares of the company’s stock worth $7,923,000 after purchasing an additional 16,500 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Datadog during the 1st quarter worth approximately $593,000. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 0.9 %

Shares of NASDAQ:DDOG traded up $1.22 during midday trading on Tuesday, reaching $130.63. The company’s stock had a trading volume of 758,440 shares, compared to its average volume of 4,055,045. The firm has a 50 day moving average price of $120.60 and a two-hundred day moving average price of $123.79. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 404.42, a PEG ratio of 42.08 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. As a group, analysts forecast that Datadog, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Datadog

In other news, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the completion of the sale, the director now owns 6,451 shares in the company, valued at approximately $724,705.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Datadog news, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $112.34, for a total value of $248,271.40. Following the completion of the transaction, the director now owns 6,451 shares in the company, valued at approximately $724,705.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the completion of the sale, the chief executive officer now directly owns 337,247 shares in the company, valued at approximately $43,858,972.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 881,530 shares of company stock valued at $106,911,095. 11.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research report on Wednesday, April 17th. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $135.00 to $155.00 in a report on Tuesday. Robert W. Baird upgraded Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of Datadog in a research report on Wednesday, June 26th. Finally, Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $138.21.

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.