Kowal Investment Group LLC Buys Shares of 3,308 Datadog, Inc. (NASDAQ:DDOG)

Kowal Investment Group LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, Holdings Channel.com reports. The firm purchased 3,308 shares of the company’s stock, valued at approximately $381,000.

Several other institutional investors have also made changes to their positions in DDOG. American International Group Inc. lifted its stake in shares of Datadog by 2.0% in the 4th quarter. American International Group Inc. now owns 25,619 shares of the company’s stock valued at $3,110,000 after purchasing an additional 496 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Datadog by 9.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company’s stock worth $32,732,000 after acquiring an additional 22,544 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Datadog by 93.6% during the 1st quarter. Perpetual Ltd now owns 4,259 shares of the company’s stock valued at $526,000 after acquiring an additional 2,059 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Datadog during the 1st quarter valued at about $217,000. Finally, Gulf International Bank UK Ltd raised its stake in shares of Datadog by 19.1% in the 1st quarter. Gulf International Bank UK Ltd now owns 24,917 shares of the company’s stock valued at $3,079,000 after acquiring an additional 4,000 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO David M. Obstler sold 33,333 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at $40,963,061.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Shardul Shah sold 15,832 shares of Datadog stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the transaction, the director now directly owns 459,449 shares of the company’s stock, valued at $55,143,068.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $40,963,061.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 522,012 shares of company stock worth $62,076,371. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho upgraded Datadog from a “neutral” rating to an “outperform” rating and increased their price target for the company from $135.00 to $155.00 in a report on Tuesday, July 16th. Needham & Company LLC lowered their target price on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Scotiabank cut their target price on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Evercore ISI assumed coverage on shares of Datadog in a report on Monday, July 15th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.19.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $126.00 on Thursday. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The business has a fifty day moving average of $116.02 and a two-hundred day moving average of $119.37. The stock has a market cap of $42.15 billion, a PE ratio of 393.75, a PEG ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced 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 business had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Analysts predict that Datadog, Inc. will post 0.42 earnings per share for the current year.

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.