Fiera Capital Corp Acquires 5,488 Shares of Datadog, Inc. (NASDAQ:DDOG)

Fiera Capital Corp lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,727 shares of the company’s stock after acquiring an additional 5,488 shares during the quarter. Fiera Capital Corp’s holdings in Datadog were worth $7,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Datadog in the 3rd quarter worth about $55,000. Heritage Investors Management Corp bought a new position in Datadog in the third quarter worth about $1,157,000. QRG Capital Management Inc. boosted its position in Datadog by 5.5% during the 3rd quarter. QRG Capital Management Inc. now owns 18,988 shares of the company’s stock valued at $2,185,000 after acquiring an additional 992 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Datadog by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 99,194 shares of the company’s stock worth $11,413,000 after acquiring an additional 3,151 shares during the period. Finally, National Pension Service raised its position in shares of Datadog by 10.2% in the 3rd quarter. National Pension Service now owns 432,450 shares of the company’s stock worth $49,758,000 after acquiring an additional 39,881 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent research reports. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. BMO Capital Markets increased their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective on the stock. TD Cowen upped their price objective on shares of Datadog from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird boosted their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Insider Transactions at Datadog

In related news, General Counsel Kerry Acocella sold 2,452 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.06, for a total value of $294,387.12. Following the completion of the sale, the general counsel now directly owns 74,421 shares of the company’s stock, valued at approximately $8,934,985.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30. Following the completion of the transaction, the chief technology officer now owns 347,684 shares of the company’s stock, valued at approximately $38,822,395.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Kerry Acocella sold 2,452 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.06, for a total value of $294,387.12. Following the sale, the general counsel now directly owns 74,421 shares in the company, valued at approximately $8,934,985.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,291 shares of company stock valued at $54,154,859 over the last quarter. 11.78% of the stock is currently owned by company insiders.

Datadog Trading Down 4.1 %

Shares of DDOG stock opened at $124.45 on Friday. The company has a 50 day simple moving average of $119.67 and a two-hundred day simple moving average of $119.58. The stock has a market cap of $41.96 billion, a P/E ratio of 276.56, a P/E/G ratio of 22.93 and a beta of 1.10. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a return on equity of 9.01% and a net margin of 6.81%. Datadog’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. As a group, equities analysts forecast that Datadog, Inc. will post 0.42 earnings per share 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 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.