nVerses Capital LLC Has $1.05 Million Position in Datadog, Inc. (NASDAQ:DDOG)

nVerses Capital LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 56.9% in the third quarter, Holdings Channel.com reports. The fund owned 9,100 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Datadog makes up about 0.5% of nVerses Capital LLC’s investment portfolio, making the stock its 22nd largest position. nVerses Capital LLC’s holdings in Datadog were worth $1,047,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Datadog by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after buying an additional 331,808 shares during the last quarter. 1832 Asset Management L.P. boosted its position in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after purchasing an additional 138,700 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Datadog by 19.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after buying an additional 172,887 shares during the period. Finally, Kodai Capital Management LP bought a new stake in Datadog during the first quarter valued at about $116,054,000. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO David M. Obstler sold 33,333 shares of the 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 completion of the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $40,963,061.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the sale, the chief technology officer now directly owns 336,165 shares of the company’s stock, valued at $43,476,219.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David M. Obstler sold 33,333 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at $40,963,061.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 522,012 shares of company stock worth $62,076,371. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Down 0.6 %

Shares of DDOG traded down $0.70 on Thursday, hitting $125.30. The company’s stock had a trading volume of 914,223 shares, compared to its average volume of 3,796,866. The firm’s fifty day moving average price is $116.02 and its 200-day moving average price is $119.37. Datadog, Inc. has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 393.75, a P/E/G ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 26.7% on a year-over-year basis. As a group, equities analysts predict that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DDOG shares. UBS Group raised their price target on shares of Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Mizuho raised Datadog from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Barclays decreased their target price on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.19.

About Datadog

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.