FUKOKU MUTUAL LIFE INSURANCE Co Lowers Stock Position in Datadog, Inc. (NASDAQ:DDOG)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,167 shares of the company's stock after selling 2,297 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Datadog were worth $310,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its stake in Datadog by 1.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 106,500 shares of the company's stock valued at $15,218,000 after purchasing an additional 1,700 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Datadog in the 4th quarter valued at $286,000. K.J. Harrison & Partners Inc acquired a new position in shares of Datadog in the 4th quarter valued at $863,000. Nwam LLC acquired a new position in shares of Datadog in the fourth quarter valued at about $283,000. Finally, NewEdge Wealth LLC increased its holdings in shares of Datadog by 18.9% in the fourth quarter. NewEdge Wealth LLC now owns 11,451 shares of the company's stock valued at $1,636,000 after purchasing an additional 1,821 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company's stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 178,723 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 in the last three months. 11.78% of the stock is owned by corporate insiders.

Datadog Price Performance

NASDAQ DDOG traded up $3.04 during trading hours on Friday, hitting $116.57. 5,045,615 shares of the company's stock traded hands, compared to its average volume of 3,997,828. The company has a market capitalization of $39.60 billion, a PE ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The firm's 50-day moving average is $138.51 and its 200-day moving average is $131.86.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DDOG. Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and cut their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Mizuho increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. TD Cowen reiterated a "buy" rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Finally, Citigroup cut their price target on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.

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.