Livforsakringsbolaget Skandia Omsesidigt Acquires 250 Shares of Datadog, Inc. (NASDAQ:DDOG)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 83.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 550 shares of the company’s stock after acquiring an additional 250 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Datadog were worth $67,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DDOG. Norges Bank bought a new stake in Datadog in the fourth quarter worth approximately $202,877,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Datadog during the 3rd quarter worth $189,668,000. Alkeon Capital Management LLC bought a new stake in shares of Datadog during the 3rd quarter worth $127,526,000. Vanguard Group Inc. boosted its holdings in shares of Datadog by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after buying an additional 1,191,742 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Datadog by 104.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock worth $315,783,000 after buying an additional 1,066,716 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Trading Down 3.9 %

DDOG opened at $120.09 on Friday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $39.85 billion, a PE ratio of 1,000.75 and a beta of 1.15. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The firm has a 50-day moving average price of $125.89 and a two-hundred day moving average price of $115.75.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. As a group, equities analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the transaction, the president now owns 294,012 shares of the company’s stock, valued at approximately $37,804,062.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Agarwal sold 33,311 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the sale, the president now owns 294,012 shares in the company, valued at $37,804,062.96. The disclosure for this sale can be found here. Insiders have sold 745,984 shares of company stock valued at $95,917,681 in the last 90 days. 14.97% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Wells Fargo & Company increased their price target on shares of Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Wolfe Research increased their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Robert W. Baird increased their price target on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $130.52.

Datadog Company 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.