Datadog, Inc. (NASDAQ:DDOG) Stake Lifted by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. increased its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,378 shares of the company's stock after purchasing an additional 17,244 shares during the quarter. Datadog accounts for 1.7% of Keystone Investors PTE Ltd.'s investment portfolio, making the stock its 20th biggest holding. Keystone Investors PTE Ltd. owned approximately 0.05% of Datadog worth $24,488,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter worth $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC raised its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Quarry LP acquired a new stake in shares of Datadog in the third quarter valued at approximately $33,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Datadog during the 4th quarter worth approximately $43,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $3.75 during midday trading on Friday, hitting $101.10. 3,793,178 shares of the company's stock traded hands, compared to its average volume of 4,189,762. The firm's fifty day moving average price is $123.79 and its two-hundred day moving average price is $130.80. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The company has a market cap of $34.65 billion, a PE ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22.

Remove Ads

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS 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%. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 8,454 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the sale, the executive now owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 601,412 shares of company stock valued at $75,444,584. Corporate insiders own 11.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their target price on Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Macquarie reiterated an "outperform" rating and set a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. Guggenheim restated a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Barclays lowered their price target on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and an average 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.