Manchester Capital Management LLC Buys 150 Shares of Datadog, Inc. (NASDAQ:DDOG)

Manchester Capital Management LLC grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 19.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 920 shares of the company’s stock after buying an additional 150 shares during the quarter. Manchester Capital Management LLC’s holdings in Datadog were worth $91,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock worth $573,923,000 after acquiring an additional 3,993,707 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Datadog by 2,804.2% during the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock worth $392,830,000 after purchasing an additional 2,654,512 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Datadog by 341.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company’s stock valued at $155,694,000 after buying an additional 1,213,475 shares during the period. Finally, Fullerton Fund Management Co Ltd. bought a new position in Datadog in the 4th quarter valued at approximately $165,757,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of Datadog stock opened at $139.13 on Tuesday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $133.79 and a 200-day moving average price of $120.76. The company has a market cap of $48.05 billion, a PE ratio of 302.46, a price-to-earnings-growth ratio of 74.44 and a beta of 1.02.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 6.39% and a net margin of 5.85%. Datadog’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the transaction, the chief technology officer directly owned 452,769 shares in the company, valued at approximately $63,057,138.63. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 7,924 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the sale, the director owned 380,281 shares of the company’s stock, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 968,861 shares of company stock valued at $119,264,653 over the last 90 days. 8.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DDOG has been the topic of a number of research reports. Canaccord Genuity Group reduced their target price on shares of Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company reduced their price objective on shares of Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley raised their target price on Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. UBS Group lifted their target price on Datadog from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Barclays raised their price objective on Datadog from $128.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.66.

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.