Public Employees Retirement Association of Colorado Has $36.19 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Public Employees Retirement Association of Colorado raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 554.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,238 shares of the company’s stock after buying an additional 214,568 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.07% of Datadog worth $36,185,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DDOG. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $43,000. Finally, Summit Securities Group LLC acquired a new position in shares of Datadog in the fourth quarter valued at $43,000. 78.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated 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 sale, the chief technology officer now owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 523,756 shares of company stock worth $58,732,500. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $101.52 on Friday. The business has a fifty day moving average price of $102.74 and a 200-day moving average price of $127.33. The company has a market capitalization of $34.80 billion, a PE ratio of 199.06, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 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%. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DDOG. Citigroup dropped their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Truist Financial decreased their price target on Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Macquarie reiterated an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.33.

Datadog 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.