Generali Investments Towarzystwo Funduszy Inwestycyjnych Trims Stake in Datadog, Inc. (NASDAQ:DDOG)

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,500 shares of the company's stock after selling 5,000 shares during the period. Datadog accounts for about 1.8% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings, making the stock its 14th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Datadog were worth $3,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new position in Datadog during the third quarter worth $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 2.9 %

NASDAQ DDOG traded down $3.38 during trading hours on Monday, hitting $113.17. 4,203,647 shares of the company were exchanged, compared to its average volume of 3,981,858. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 221.91, a PEG ratio of 44.03 and a beta of 1.15. The company has a 50 day moving average of $138.51 and a two-hundred day moving average of $131.99. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

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

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent research reports. Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Barclays cut their price objective on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Monness Crespi & Hardt upgraded shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They set an "overweight" rating and a $180.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $158.70.

Insider Activity

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

About Datadog

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.