National Pension Service Sells 19,472 Shares of Datadog, Inc. (NASDAQ:DDOG)

National Pension Service lowered its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,978 shares of the company's stock after selling 19,472 shares during the quarter. National Pension Service owned approximately 0.12% of Datadog worth $59,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC boosted its position in Datadog by 12,000.0% during 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 in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC boosted its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP bought a new stake in shares of Datadog during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

DDOG has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Mizuho lifted 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. Stifel Nicolaus cut Datadog from a "buy" rating to a "hold" rating and dropped their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. TD Cowen reiterated a "buy" rating and issued a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer now owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock valued at $82,904,025 over the last quarter. 11.78% of the stock is owned by company insiders.

Datadog Stock Performance

DDOG traded down $3.38 during midday trading on Monday, hitting $113.17. The stock had a trading volume of 4,203,433 shares, compared to its average volume of 3,981,852. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The business has a fifty day moving average of $138.51 and a 200 day moving average of $131.99. The company has a market cap of $38.45 billion, a P/E ratio of 221.91, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15.

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

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.