Mitsubishi UFJ Asset Management Co. Ltd. Buys 219 Shares of Datadog, Inc. (NASDAQ:DDOG)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Datadog, Inc. (NASDAQ:DDOG) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,735 shares of the company’s stock after buying an additional 219 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Datadog worth $32,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DDOG. True Wealth Design LLC grew its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Datadog in the 4th quarter worth $30,000. Avior Wealth Management LLC grew its position in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Quarry LP bought a new stake in Datadog during the 3rd quarter valued at $33,000. Finally, Kieckhefer Group LLC acquired a new position in Datadog during the fourth quarter worth $43,000. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DDOG shares. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Barclays decreased their price objective on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Morgan Stanley restated an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Finally, Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Down 3.6 %

NASDAQ DDOG opened at $101.10 on Friday. The firm has a market cap of $34.65 billion, a P/E ratio of 198.24, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The company’s 50 day moving average is $123.79 and its 200-day moving average is $130.80. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

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

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares of the company’s stock, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 in the last quarter. 11.78% of the stock is currently owned by corporate 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.