Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in Datadog, Inc. (NASDAQ:DDOG)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,411 shares of the company’s stock after buying an additional 1,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Datadog were worth $8,918,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in Datadog by 172.2% in the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after purchasing an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new stake in shares of Datadog during the 3rd quarter worth about $1,157,000. Baillie Gifford & Co. raised its holdings in Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after buying an additional 1,484,562 shares during the period. Atom Investors LP acquired a new position in Datadog in the third quarter valued at about $1,112,000. Finally, Parnassus Investments LLC boosted its stake in Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after buying an additional 40,952 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, November 7th. Cantor Fitzgerald started coverage on Datadog in a research note on Friday, January 17th. They set an “overweight” rating and a $180.00 price target on the stock. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Guggenheim reissued a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. One investment 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 given a strong buy rating to the company. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Down 1.8 %

Shares of DDOG opened at $117.51 on Tuesday. The company has a market capitalization of $39.92 billion, a price-to-earnings ratio of 230.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a 50 day moving average price of $141.41 and a 200 day moving average price of $131.95.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock worth $82,904,025 over the last 90 days. Corporate insiders own 11.78% of the company’s stock.

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.