Swiss National Bank Trims Holdings in Datadog, Inc. (NASDAQ:DDOG)

Swiss National Bank reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 792,800 shares of the company’s stock after selling 31,200 shares during the period. Swiss National Bank owned about 0.23% of Datadog worth $113,283,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its stake in Datadog by 76.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,270 shares of the company’s stock worth $1,610,000 after buying an additional 4,900 shares during the period. Forge First Asset Management Inc. purchased a new stake in Datadog during the 4th quarter worth approximately $3,170,000. Great Lakes Advisors LLC increased its stake in Datadog by 96.4% during the 4th quarter. Great Lakes Advisors LLC now owns 5,503 shares of the company’s stock worth $786,000 after buying an additional 2,701 shares during the period. Farther Finance Advisors LLC increased its stake in Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after buying an additional 92 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Datadog by 38.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,936 shares of the company’s stock worth $420,000 after buying an additional 822 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $101.80 on Friday. The stock has a market cap of $34.89 billion, a P/E ratio of 199.61, a P/E/G ratio of 44.03 and a beta of 1.22. The firm has a fifty day moving average price of $130.81 and a 200 day moving average price of $131.12. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly 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%. Sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

DDOG has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. TD Cowen reissued a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Citigroup dropped their price objective 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares in the company, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $58,370,204.89. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 653,554 shares of company stock worth $83,328,905. 11.78% of the stock is owned by insiders.

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.