Rafferty Asset Management LLC Sells 306 Shares of Datadog, Inc. (NASDAQ:DDOG)

Rafferty Asset Management LLC reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,424 shares of the company’s stock after selling 306 shares during the quarter. Rafferty Asset Management LLC’s holdings in Datadog were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DDOG. Envestnet Asset Management Inc. raised its holdings in Datadog by 56.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 16,043 shares of the company’s stock worth $1,337,000 after purchasing an additional 5,772 shares in the last quarter. Commerce Bank raised its holdings in Datadog by 9.6% in the 1st quarter. Commerce Bank now owns 5,514 shares of the company’s stock worth $460,000 after purchasing an additional 481 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in Datadog by 173.3% in the 1st quarter. Standard Life Aberdeen plc now owns 42,071 shares of the company’s stock worth $4,115,000 after purchasing an additional 26,676 shares in the last quarter. Allred Capital Management LLC bought a new position in Datadog in the 1st quarter worth $47,000. Finally, Blueshift Asset Management LLC bought a new position in Datadog in the 1st quarter worth $634,000. Institutional investors own 58.28% of the company’s stock.

Shares of NASDAQ DDOG opened at $142.25 on Tuesday. The firm’s 50-day moving average price is $126.44 and its 200-day moving average price is $102.91. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.80. The company has a market cap of $44.10 billion, a PE ratio of -836.72 and a beta of 1.03. Datadog, Inc. has a 52-week low of $69.73 and a 52-week high of $145.86.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $233.50 million for the quarter, compared to the consensus estimate of $212.44 million. Datadog had a negative net margin of 7.03% and a negative return on equity of 3.14%. The business’s quarterly revenue was up 66.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities research analysts anticipate that Datadog, Inc. will post -0.11 EPS for the current fiscal year.

In other news, CEO Olivier Pomel sold 90,920 shares of the stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $114.89, for a total value of $10,445,798.80. Following the transaction, the chief executive officer now owns 336,809 shares in the company, valued at approximately $38,695,986.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Laszlo Kopits sold 1,053 shares of the stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $136.34, for a total transaction of $143,566.02. Following the completion of the transaction, the general counsel now owns 96,423 shares in the company, valued at approximately $13,146,311.82. The disclosure for this sale can be found here. Insiders sold a total of 1,553,804 shares of company stock worth $200,569,899 in the last quarter. Company insiders own 20.23% of the company’s stock.

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “hold” rating on shares of Datadog in a research report on Friday, August 20th. Rosenblatt Securities upped their target price on shares of Datadog from $97.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, August 6th. assumed coverage on shares of Datadog in a research report on Thursday, July 8th. They issued a “buy” rating and a $138.00 target price on the stock. Citigroup upped their target price on shares of Datadog from $138.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, August 6th. Finally, Morgan Stanley upped their target price on shares of Datadog from $120.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Datadog presently has an average rating of “Buy” and an average price target of $131.38.

About Datadog

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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