Livforsakringsbolaget Skandia Omsesidigt raised its position in Datadog, Inc. (NASDAQ:DDOG) by 118.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,400 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Datadog were worth $236,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in Datadog in the fourth quarter worth about $26,000. Advisory Alpha LLC purchased a new stake in Datadog in the third quarter worth about $29,000. Freedman Financial Associates Inc. purchased a new stake in Datadog in the fourth quarter worth about $30,000. Sowell Financial Services LLC increased its position in Datadog by 73.1% in the fourth quarter. Sowell Financial Services LLC now owns 393 shares of the company’s stock worth $39,000 after buying an additional 166 shares in the last quarter. Finally, Hexagon Capital Partners LLC purchased a new stake in Datadog in the fourth quarter worth about $39,000. 45.72% of the stock is currently owned by institutional investors.
In related news, insider Alexis Le-Quoc sold 469,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $102.68, for a total transaction of $48,197,992.00. Also, insider Amit Agarwal sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $104.72, for a total value of $785,400.00. Following the sale, the insider now directly owns 141,762 shares of the company’s stock, valued at $14,845,316.64. The disclosure for this sale can be found here. Insiders sold a total of 1,943,825 shares of company stock valued at $188,311,165 over the last ninety days. Corporate insiders own 26.06% of the company’s stock.
Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.08. The business had revenue of $177.53 million during the quarter, compared to analyst estimates of $163.30 million. Datadog had a positive return on equity of 0.38% and a negative net margin of 1.39%. As a group, analysts expect that Datadog, Inc. will post -0.02 earnings per share for the current fiscal year.
DDOG has been the subject of a number of analyst reports. Rosenblatt Securities initiated coverage on Datadog in a research report on Wednesday, December 16th. They issued a “neutral” rating and a $97.00 price target for the company. Needham & Company LLC increased their target price on Datadog from $109.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Mizuho reiterated a “buy” rating and set a $125.00 target price (up previously from $115.00) on shares of Datadog in a research report on Friday, February 12th. Truist assumed coverage on Datadog in a research report on Wednesday, January 20th. They set a “buy” rating and a $120.00 target price for the company. Finally, Zacks Investment Research cut Datadog from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $110.89.
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Further Reading: Outstanding Shares and The Effect on Share Price
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