800 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 800 shares of the company’s stock, valued at approximately $114,000.

Other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC boosted 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 buying an additional 81 shares in the last quarter. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Quarry LP acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $33,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Datadog in the 4th quarter valued at $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Mizuho increased their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. DA Davidson increased their price objective on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Macquarie reiterated an “outperform” rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Price Performance

DDOG opened at $104.85 on Friday. The firm has a market capitalization of $35.94 billion, a P/E ratio of 205.59, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a one year low of $98.30 and a one year high of $170.08. The company has a fifty day moving average price of $124.54 and a 200-day moving average price of $130.69.

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

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 25,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the transaction, the director now owns 195,667 shares in the company, valued at $27,612,527.04. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock worth $75,444,584 over the last three months. 11.78% of the stock is owned by insiders.

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.