Strs Ohio Makes New $849,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Strs Ohio purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,995 shares of the company’s stock, valued at approximately $849,000.

Other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its holdings in Datadog by 0.5% in the 4th quarter. Vontobel Holding Ltd. now owns 61,550 shares of the company’s stock worth $7,471,000 after purchasing an additional 304 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Datadog by 5.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,012 shares of the company’s stock worth $852,000 after buying an additional 361 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Datadog by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 636,740 shares of the company’s stock worth $77,288,000 after acquiring an additional 5,898 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Datadog during the fourth quarter valued at $2,913,000. Finally, Ingalls & Snyder LLC bought a new stake in Datadog in the 4th quarter valued at $211,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In related news, CFO David M. Obstler sold 15,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $35,851,883.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares in the company, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. Insiders sold 735,984 shares of company stock valued at $94,617,681 over the last 90 days. Insiders own 14.97% of the company’s stock.

Datadog Stock Up 0.5 %

Shares of NASDAQ DDOG opened at $127.07 on Thursday. Datadog, Inc. has a 12-month low of $62.60 and a 12-month high of $138.61. The stock’s fifty day simple moving average is $125.35 and its two-hundred day simple moving average is $116.67. The stock has a market capitalization of $42.17 billion, a PE ratio of 1,058.92 and a beta of 1.15. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DDOG. Barclays raised their price objective on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Mizuho upped their price objective on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $155.00 target price (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Finally, Truist Financial upped their target price on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.70.

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.