Nordea Investment Management AB boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,256 shares of the company's stock after purchasing an additional 10,199 shares during the period. Nordea Investment Management AB's holdings in Datadog were worth $8,376,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Datadog by 0.7% in the second quarter. Private Advisor Group LLC now owns 28,874 shares of the company's stock worth $3,745,000 after acquiring an additional 187 shares during the last quarter. Caprock Group LLC lifted its holdings in Datadog by 59.2% during the 2nd quarter. Caprock Group LLC now owns 4,107 shares of the company's stock worth $533,000 after buying an additional 1,528 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Datadog by 9.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 3,796 shares of the company's stock valued at $492,000 after buying an additional 329 shares during the last quarter. Choreo LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at $536,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Datadog by 7.8% during the second quarter. Royal London Asset Management Ltd. now owns 117,802 shares of the company's stock valued at $15,278,000 after acquiring an additional 8,519 shares during the period. 78.29% of the stock is owned by institutional investors.
Datadog Trading Up 0.3 %
NASDAQ:DDOG opened at $141.88 on Friday. The stock has a market capitalization of $48.20 billion, a PE ratio of 267.70, a P/E/G ratio of 20.27 and a beta of 1.14. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The firm has a fifty day simple moving average of $144.49 and a 200 day simple moving average of $128.04.
Wall Street Analyst Weigh In
DDOG has been the topic of several recent research reports. TD Cowen reaffirmed a "buy" rating and issued a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Mizuho lifted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. UBS Group reaffirmed an "underperform" rating on shares of Datadog in a research note on Friday, October 18th. Finally, Robert W. Baird upped their price objective on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.46.
Check Out Our Latest Research Report on DDOG
Insider Buying and Selling at Datadog
In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the sale, the chief technology officer now directly owns 336,165 shares of the company's stock, valued at $43,476,219.45. This trade represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 178,723 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 592,679 shares of company stock worth $83,508,362 over the last quarter. 11.78% of the stock is currently owned by insiders.
About Datadog
(
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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