Meiji Yasuda Asset Management Co Ltd. Sells 950 Shares of Datadog, Inc. (NASDAQ:DDOG)

Meiji Yasuda Asset Management Co Ltd. decreased its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,902 shares of the company’s stock after selling 950 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Datadog were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DDOG. Quest Partners LLC increased its stake in Datadog by 2,323.9% during the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock valued at $128,000 after acquiring an additional 1,069 shares during the period. Cerity Partners LLC lifted its position in shares of Datadog by 33.9% in the 3rd quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock worth $4,689,000 after acquiring an additional 10,318 shares during the period. Larson Financial Group LLC grew its holdings in shares of Datadog by 3,718.2% during the 3rd quarter. Larson Financial Group LLC now owns 840 shares of the company’s stock worth $97,000 after purchasing an additional 818 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Datadog during the third quarter valued at approximately $780,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Datadog in the third quarter valued at $334,000. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent research reports. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Mizuho lifted their target price on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and dropped their price target for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Truist Financial decreased their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Down 2.9 %

Shares of DDOG opened at $104.85 on Friday. The stock’s fifty day simple moving average is $124.54 and its 200-day simple moving average is $130.69. The firm has a market capitalization of $35.94 billion, a PE ratio of 205.59, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares in the company, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 601,412 shares of company stock valued at $75,444,584. 11.78% of the stock is currently 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.