Toronto Dominion Bank cut its position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,820 shares of the company’s stock after selling 3,470 shares during the period. Toronto Dominion Bank’s holdings in Datadog were worth $5,071,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of DDOG. Massmutual Trust Co. FSB ADV grew its holdings in Datadog by 92.4% during 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. Silicon Valley Capital Partners bought a new position in Datadog during the fourth quarter worth about $32,000. Ogorek Anthony Joseph NY ADV grew its holdings in Datadog by 381.0% during the first quarter. Ogorek Anthony Joseph NY ADV now owns 481 shares of the company’s stock worth $34,000 after purchasing an additional 381 shares during the period. Exos TFP Holdings LLC grew its holdings in Datadog by 270.0% during the first quarter. Exos TFP Holdings LLC now owns 481 shares of the company’s stock worth $35,000 after purchasing an additional 351 shares during the period. Finally, Manchester Capital Management LLC bought a new position in Datadog during the first quarter worth about $37,000. 68.30% of the stock is owned by institutional investors.
Datadog Stock Performance
NASDAQ DDOG opened at $97.73 on Friday. The firm’s fifty day moving average price is $100.65 and its two-hundred day moving average price is $86.63. The stock has a market cap of $31.76 billion, a PE ratio of -375.88, a PEG ratio of 1,581.88 and a beta of 0.95. Datadog, Inc. has a fifty-two week low of $61.34 and a fifty-two week high of $118.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.42 and a current ratio of 3.41.
Analyst Ratings Changes
A number of equities analysts recently commented on DDOG shares. TD Cowen started coverage on Datadog in a report on Friday, August 18th. They set an “outperform” rating and a $120.00 price target for the company. Wolfe Research upgraded Datadog from a “peer perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a report on Monday, July 24th. Canaccord Genuity Group boosted their price objective on Datadog from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price objective on shares of Datadog in a report on Wednesday, August 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Datadog from $100.00 to $90.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $107.45.
Read Our Latest Research Report on DDOG
Insider Buying and Selling
In related news, CRO Sean Michael Walters sold 1,111 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $110.29, for a total value of $122,532.19. Following the sale, the executive now owns 192,653 shares of the company’s stock, valued at $21,247,699.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Datadog news, insider Madre Armelle De sold 1,875 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $98.10, for a total transaction of $183,937.50. Following the sale, the insider now owns 100,534 shares of the company’s stock, valued at $9,862,385.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 1,111 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $110.29, for a total transaction of $122,532.19. Following the sale, the executive now directly owns 192,653 shares in the company, valued at approximately $21,247,699.37. The disclosure for this sale can be found here. Insiders have sold a total of 1,144,962 shares of company stock valued at $109,526,963 over the last 90 days. 14.97% of the stock is owned by insiders.
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.
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