Highview Capital Management LLC DE Invests $963,000 in Datadog, Inc. (NASDAQ:DDOG)

Highview Capital Management LLC DE bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,371 shares of the company’s stock, valued at approximately $963,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SouthState Corp acquired a new position in shares of Datadog during the 2nd quarter worth approximately $26,000. Blue Trust Inc. bought a new stake in Datadog during the second quarter worth $37,000. Versant Capital Management Inc lifted its stake in Datadog by 216.5% in the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock valued at $40,000 after acquiring an additional 210 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Datadog in the 2nd quarter valued at about $43,000. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the transaction, the director now owns 451,533 shares in the company, valued at $57,195,685.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $130.39, for a total value of $4,346,289.87. Following the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $40,963,061.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the transaction, the director now directly owns 451,533 shares of the company’s stock, valued at $57,195,685.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 529,928 shares of company stock valued at $63,079,091 over the last three months. Company insiders own 11.78% of the company’s stock.

Datadog Trading Up 1.9 %

DDOG stock opened at $128.76 on Wednesday. The stock has a market cap of $43.41 billion, a P/E ratio of 286.13, a P/E/G ratio of 22.85 and a beta of 1.11. The stock’s fifty day simple moving average is $118.03 and its two-hundred day simple moving average is $119.39. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $645.28 million during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.36 earnings per share. As a group, analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price target on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays dropped their price target on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a report on Monday, July 22nd. UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Finally, BMO Capital Markets upped their price target on shares of Datadog from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.54.

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.