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LA Financiere DE L Echiquier Increases Its Position in Datadog, Inc. (NASDAQ:DDOG)

LA Financiere DE L Echiquier Increases Its Position in Datadog, Inc. (NASDAQ:DDOG)

In its most recent filing with the SEC, LA Financiere de L’Echiquier stated that it had increased its holdings in Datadog, Inc. (NASDAQ: DDOG) by 4.9% during the third quarter. After making purchases of an additional 12,700 shares over time, the institutional investor’s investment portfolio now contains 273,000 shares of the company’s stock. Datadog makes up approximately 1.5% of the total investment portfolio held by La Financiere del Echiquier, which places the company in 26th place among all the companies in the portfolio. At the close of the most recent fiscal quarter, LA Financiere de L’Echiquier held approximately 0.09% of Datadog, valued at $24,237,000.

A number of the company’s other significant investors have, within the past few months, implementing changes to the percentage of the enterprise that each of them currently owns. During the second quarter of this year, Global Retirement Partners LLC made a new investment in Datadog for $27,000. During the second quarter, O’Dell Group LLC purchased an additional position in Datadog with an estimated value of $30,000. During the second quarter, CoreCap Advisors LLC purchased an additional position in Datadog for $32,000. Glassman Wealth Services increased its holdings in Datadog by 294.6% during the year’s second quarter. As a result of the company’s most recent purchase of 274 additional shares during the most recent quarter, Glassman Wealth Services now owns 367 shares of the company’s stock, which are currently valued at $35,000. This is because the company made its most recent purchase during the quarter. And finally, during the third quarter, Allworth Financial LP increased the amount of Datadog stock it held in its investment portfolio by 95.4%. Allworth Financial LP now holds a total of 557 shares following purchasing an additional 272 shares during the most recent quarter. The value of Allworth Financial LP’s holdings in the company at the moment is $49,000. Institutional investors and hedge funds own 70.93% of the company’s stock.

In the most recent few months, DDOG has successfully attracted the attention of several brokerage firms. On Tuesday, October 11, Wells Fargo & Company issued the first research note in which it would be covering Datadog. They have given the company an “overweight” rating and determined that a price target of $120.00 is appropriate. They explained their choice by stating that it was derived from their situation evaluation. On Monday, October 17, the Royal Bank of Canada released a research report with an “outperform” rating and a target price reduction for Datadog from $125.00 to $105.00. The target price was included in the report. In the research note, it was stated that there would be a decrease in the target price. Credit Suisse Group published a research note on Friday, September 23, announcing that it would start covering Datadog. They gave the stock an “outperform” rating and projected it would reach $145.00 shortly. In a research note released on Friday, November 4, Goldman Sachs Group announced that they would lower their price target for Datadog from $188.00 to $162.00. Despite this change, they continued to recommend buying the stock and gave it a “buy” rating. On November 7, after much procrastination, Wolfe Research got around to starting their reporting on Datadog. Their report rated the stock as “peer perform,” which indicates that it performs similarly to other stocks. Twenty-four of the analysts polled gave the stock a recommendation to buy, while only five suggested that investors keep holding on to their shares. The current consensus rating for Datadog is “Moderate Buy,” and the website Bloomberg.com reports that the average price target is $117.15. The data that was provided for this article was compiled from Bloomberg.com.

On Friday, December 2, Chief Risk Officer Sean Michael Walters sold a total of 2,873 shares of company stock. This is just one of the latest developments in connection with this particular topic. The amount of stock sold came to a total of $214,411.99, and the price received per share was $74.63, the average selling price. Following the completion of the transaction involving those shares, the executive now directly owns 149,252 of the company’s shares, the value of which is approximately $11,138,676.76. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location. According to reports, Chief Revenue Officer Sean Michael Walters sold 2,873 Datadog stock on Friday, December 2, 2018. This transaction was reported in related news. The amount of stock sold came to a total of $214,411.99, and the price received per share was $74.63, the average selling price. After the completion of the transaction, the executive now has direct ownership of 149,252 shares of the company’s stock, which have a value of $11,138,676.76. This gives the executive a total of $11,138,676.76. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. In addition, Datadog Director Matthew Jacobson bought 710,429 shares of the company’s stock on November 7. As the average cost per share, we used the total amount paid for the shares, which came to $49,339,294.05, but we expressed it as a percentage. As a result of the successful transaction completion, the director now owns a total of 423,218 shares in the company. Based on the current market price, these shares have a value of approximately $29,392,490. You should look in this location if you are looking for the disclosure that pertains to this transaction. 15. During the most recent quarter, executives, directors, and other members of the company’s inner circle bought a total of 1,150,006 shares with a value of $79,339,605 and sold a total of 269,888 shares with a value of $19,904,866. Eighty percent of the company’s equity is owned by individuals who work within the company.

The price of a share of Datadog rose $1.38 during the trading session on Tuesday at noon, reaching a new high of $71.85. Today, 28,766 shares were traded, significantly lower than the company’s typical daily volume of 3,242,015. Datadog, Inc. achieved a one-year high price of $184.70 per share, while the company’s one-year low price was $61.34 per share. The company currently has a simple moving average of $73.64 over the past 50 days and a simple moving average of $87.79 over the past 200 days. There is a debt-to-equity ratio of 0.57, as well as quick ratios of 3.23, current ratios of 3.23, and quick ratios of 3.23. The price-to-earnings ratio for this business is -1,437.00, and its beta value is 1.02. The company’s total value, measured by its market capitalization, is $22.82 billion.

Datadog’s most recent quarterly earnings report, released on November 3 and found on the NASDAQ website under the symbol DDOG, can be found here. Earnings per share for the period were $0.06 for the company, which was $0.02 more than the consensus estimate of earnings per share for the period, which was $0.08 for the quarter. Re came in at $0.06 for the quarter, which was $0.02 more than the consensus estimate of earnings per share for the period, which was $0.08 for the quarter. Datadog had a negative net margin of 0.91%, while the return on equity for the company was positive at 0.60%. Even though market analysts predicted that the company would bring in revenue of $412.15 million during the quarter, it brought in revenue of $436.53 million. According to the forecasts provided by market analysts, it is anticipated that Datadog, Inc. will close out the current fiscal year with a loss equal to -0.1 cents per share in earnings.

The cloud monitoring and analytics platform developed by Datadog, Inc., is currently available for corporate users in North America and other parts of the world, in addition to IT operations teams and developer groups. The company’s software-as-a-service platform enables real-time observability of the technology stacks of its customers by consolidating and automating several monitoring functions. These functions include infrastructure monitoring, application performance monitoring, log management, and security monitoring.

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