Fiera Capital Corp Has $7.42 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Fiera Capital Corp lifted its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 57,239 shares of the company's stock after buying an additional 11,745 shares during the quarter. Fiera Capital Corp's holdings in Datadog were worth $7,423,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Congress Asset Management Co. MA bought a new stake in Datadog in the 1st quarter valued at about $1,083,000. Vanguard Group Inc. lifted its position in 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. Jones Financial Companies Lllp bought a new stake in Datadog in the 4th quarter valued at about $33,000. Los Angeles Capital Management LLC lifted its position in Datadog by 9.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 264,821 shares of the company's stock valued at $32,732,000 after purchasing an additional 22,544 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Datadog by 129.2% in the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company's stock valued at $79,384,000 after purchasing an additional 344,431 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Down 0.2 %

Shares of Datadog stock traded down $0.23 during trading on Monday, hitting $113.97. The stock had a trading volume of 591,000 shares, compared to its average volume of 3,835,796. The stock has a 50 day simple moving average of $113.81 and a 200 day simple moving average of $119.32. The company has a market capitalization of $38.12 billion, a PE ratio of 357.16, a P/E/G ratio of 28.94 and a beta of 1.11. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $645.28 million during the quarter, compared to analysts' expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm's quarterly revenue was up 26.7% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. As a group, equities analysts expect that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DDOG. Scotiabank cut their price objective on shares of Datadog from $145.00 to $135.00 and set a "sector outperform" rating on the stock in a research report on Friday, August 9th. BMO Capital Markets cut their price objective on shares of Datadog from $140.00 to $132.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Cantor Fitzgerald restated an "overweight" rating and set a $150.00 price target on shares of Datadog in a research report on Monday, July 22nd. UBS Group boosted 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. Finally, BTIG Research upgraded shares of Datadog from a "neutral" rating to a "buy" rating and set a $143.00 price target on the stock in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $139.88.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 85,637 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the sale, the chief executive officer now directly owns 405,314 shares in the company, valued at $42,237,771.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 347,684 shares in the company, valued at $38,822,395.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the sale, the chief executive officer now owns 405,314 shares of the company's stock, valued at $42,237,771.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 422,991 shares of company stock worth $50,448,980. 11.78% of the stock is owned by company insiders.

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.