Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,260 shares of the company's stock after purchasing an additional 2,009 shares during the period. Principal Securities Inc.'s holdings in Datadog were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC increased its holdings in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC increased its holdings in shares of 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. increased its holdings in shares of Datadog by 66.5% in the third 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 last quarter. Finally, Quarry LP bought a new stake in shares of Datadog in the third quarter worth about $33,000. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DDOG shares. Robert W. Baird lifted their target price on Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Wolfe Research lowered Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Guggenheim reiterated a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. TD Cowen reiterated a "buy" rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Finally, Truist Financial dropped their price target on Datadog from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $158.39.

Datadog Trading Down 5.2 %

Shares of Datadog stock traded down $6.57 on Friday, hitting $119.67. 6,980,028 shares of the company traded hands, compared to its average volume of 6,008,824. The stock's 50 day moving average price is $142.18 and its 200-day moving average price is $131.76. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The company has a market cap of $40.66 billion, a PE ratio of 234.66, a PEG ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly 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%. As a group, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Kerry Acocella sold 2,488 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares of the company's stock, valued at $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $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 90 days. Corporate insiders own 11.78% of the company's stock.

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.