Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 5.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,103 shares of the company’s stock after selling 14,165 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Datadog worth $18,245,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of DDOG. Public Employees Retirement Association of Colorado increased its position in shares of Datadog by 0.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 44,217 shares of the company’s stock worth $3,250,000 after purchasing an additional 154 shares during the period. CWM LLC increased its position in shares of Datadog by 4.1% in the first quarter. CWM LLC now owns 4,229 shares of the company’s stock worth $307,000 after purchasing an additional 165 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Datadog by 3.1% in the first quarter. Ameritas Investment Partners Inc. now owns 5,791 shares of the company’s stock worth $877,000 after purchasing an additional 172 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Datadog by 92.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 182 shares during the period. Finally, Albert D Mason Inc. increased its position in shares of Datadog by 5.7% in the first quarter. Albert D Mason Inc. now owns 3,473 shares of the company’s stock worth $252,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
Insider Buying and Selling at Datadog
In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $77.10, for a total value of $6,602,612.70. Following the transaction, the chief executive officer now directly owns 355,138 shares of the company’s stock, valued at $27,381,139.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $77.10, for a total transaction of $6,602,612.70. Following the completion of the sale, the chief executive officer now owns 355,138 shares in the company, valued at $27,381,139.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 151,900 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $77.73, for a total value of $11,807,187.00. Following the sale, the president now owns 280,144 shares of the company’s stock, valued at approximately $21,775,593.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 932,199 shares of company stock valued at $87,435,773. 14.97% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Datadog Price Performance
Shares of DDOG opened at $107.53 on Friday. Datadog, Inc. has a 52-week low of $61.34 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.19 and a current ratio of 3.19. The business’s 50 day moving average price is $101.93 and its two-hundred day moving average price is $84.41. The firm has a market cap of $34.61 billion, a PE ratio of -398.24 and a beta of 0.95.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Datadog had a negative net margin of 4.68% and a negative return on equity of 4.86%. The business had revenue of $481.71 million during the quarter, compared to analyst estimates of $468.29 million. On average, equities analysts anticipate that Datadog, Inc. will post -0.15 EPS 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 include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.
Featured Stories
- Five stocks we like better than Datadog
- How to Build Wealth with the Dividend Aristocrat Index
- 3 Best Meme ETFs to Buy Now
- What Are Defense Contractor Stocks? How to Invest in Defense
- XPO Keeps Reaching New Highs: Markets Love the Stock
- P/E Ratio Calculation: How to Assess Stocks
- Starbucks Market at a Turning Point: Is a Breakout Imminent?
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
