Knights of Columbus Asset Advisors LLC Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,743 shares of the company's stock, valued at approximately $821,000.

A number of other large investors have also bought and sold shares of DDOG. Vestor Capital LLC bought a new stake in shares of Datadog in the fourth quarter worth about $5,193,000. Virtu Financial LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $645,000. TD Private Client Wealth LLC increased its stake in shares of Datadog by 3,087.2% during the fourth quarter. TD Private Client Wealth LLC now owns 4,717 shares of the company's stock valued at $674,000 after buying an additional 4,569 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Datadog by 113.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 41,670 shares of the company's stock worth $5,954,000 after buying an additional 22,140 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Datadog by 77.1% in the 4th quarter. Whittier Trust Co. now owns 97,894 shares of the company's stock worth $13,988,000 after acquiring an additional 42,613 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the sale, the director now owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. This represents a 1.82 % 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 ninety days. 11.78% of the stock is owned by insiders.

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Datadog Price Performance

Shares of NASDAQ DDOG traded down $3.12 during mid-day trading on Thursday, reaching $104.85. The company's stock had a trading volume of 2,697,693 shares, compared to its average volume of 4,099,655. The firm has a market capitalization of $35.94 billion, a PE ratio of 205.59, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The stock has a fifty day moving average of $125.18 and a two-hundred day moving average of $130.87.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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 return on equity of 8.28% and a net margin of 6.85%. Analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Truist Financial lowered their price objective on Datadog from $150.00 to $140.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. Guggenheim reiterated a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. Loop Capital upped their price target on Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Finally, Barclays reduced their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a report on Friday, February 14th. One equities research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target 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.