Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Andra AP fonden

Andra AP fonden lowered its stake in Datadog, Inc. (NASDAQ:DDOG) by 94.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,600 shares of the company’s stock after selling 109,700 shares during the quarter. Andra AP fonden’s holdings in Datadog were worth $943,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC grew its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC grew its stake in Datadog by 12,000.0% in 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 during the period. Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during 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 last quarter. Finally, Quarry LP acquired a new stake in Datadog during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG stock opened at $109.63 on Monday. The company’s 50 day moving average price is $135.05 and its 200 day moving average price is $131.86. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market capitalization of $37.58 billion, a price-to-earnings ratio of 214.96, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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%. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Citigroup lowered their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Rosenblatt Securities boosted their price target on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Truist Financial lowered their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $152.00 to $140.00 in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s 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 directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00. Following the completion of the transaction, the director now directly owns 82,324 shares of the company’s stock, valued at $9,402,224.04. This trade represents a 23.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 410,630 shares of company stock worth $57,719,574. Company insiders own 11.78% of the company’s stock.

Datadog 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.