Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 83.3% in the 4th quarter, according to the company in its most recent Form 13F filing 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 filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC acquired a new position in shares of Datadog in the fourth quarter worth $25,000. BluePath Capital Management LLC acquired a new position in shares of Datadog during the third quarter worth $31,000. Private Trust Co. NA grew its stake in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. AM Squared Ltd acquired a new position in shares of Datadog during the third quarter worth $36,000. Finally, KB Financial Partners LLC acquired a new position in shares of Datadog during the first quarter worth $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 3.9 %

NASDAQ DDOG opened at $120.09 on Friday. The stock has a market capitalization of $39.85 billion, a P/E ratio of 1,000.75 and a beta of 1.15. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The firm has a 50-day moving average price of $125.89 and a 200 day moving average price of $115.75. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37.

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

Insider Buying and Selling

In related news, CRO Sean Michael Walters sold 10,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the completion of the transaction, the executive now directly owns 162,706 shares of the company’s stock, valued at $21,129,001.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, CRO Sean Michael Walters sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the transaction, the executive now directly owns 162,706 shares in the company, valued at $21,129,001.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock valued at $95,917,681 over the last ninety days. Corporate insiders own 14.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup boosted their target price on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research note on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 target price on shares of Datadog in a research note on Friday, February 23rd. Barclays boosted their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, William Blair reiterated an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $130.52.

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.