KLP Kapitalforvaltning AS acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 92,500 shares of the company's stock, valued at approximately $13,217,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC lifted 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 worth $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its holdings in 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 acquiring an additional 81 shares in the last quarter. Quarry LP bought a new position in Datadog in the 3rd quarter worth $33,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Datadog in the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors.
Insider Transactions at Datadog
In related news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the transaction, the director now owns 195,667 shares of the company's stock, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock valued at $75,444,584 over the last quarter. 11.78% of the stock is currently owned by company insiders.
Datadog Trading Down 3.6 %
NASDAQ DDOG traded down $3.75 during trading hours on Friday, hitting $101.10. 3,793,178 shares of the company's stock traded hands, compared to its average volume of 4,190,007. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The firm has a market capitalization of $34.65 billion, a P/E ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22. The business's fifty day moving average price is $123.79 and its two-hundred day moving average price is $130.65.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Loop Capital increased their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Barclays lowered their target price on Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $158.70.
Read Our Latest Analysis on Datadog
Datadog Profile
(
Free Report)
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.
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