B. Metzler seel. Sohn & Co. AG Increases Position in Datadog, Inc. (NASDAQ:DDOG)

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,178 shares of the company’s stock after purchasing an additional 781 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Datadog were worth $1,454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DDOG. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Quarry LP acquired a new stake in shares of Datadog in the third quarter valued at about $33,000. Kieckhefer Group LLC purchased a new stake in shares of Datadog during the fourth quarter worth about $43,000. Finally, Summit Securities Group LLC acquired a new position in shares of Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. This represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, March 12th. The shares were 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 of the company’s stock, valued at $37,986,009.75. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock worth $75,444,584 in the last ninety days. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Up 0.6 %

Shares of NASDAQ DDOG opened at $101.71 on Thursday. The stock has a market capitalization of $34.86 billion, a PE ratio of 199.44, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a twelve month low of $96.63 and a twelve month high of $170.08. The stock has a fifty day simple moving average of $121.49 and a 200-day simple moving average of $130.62.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DDOG shares. Rosenblatt Securities boosted their price objective on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald initiated coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Finally, Barclays lowered their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. One investment 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.22.

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.