AMF Tjanstepension AB Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

AMF Tjanstepension AB purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 97,509 shares of the company’s stock, valued at approximately $13,933,000.

A number of other institutional investors have also recently bought and sold shares of DDOG. True Wealth Design LLC boosted its stake in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% during the fourth 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. Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in Datadog during the third quarter worth $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 1.6 %

Shares of NASDAQ:DDOG opened at $109.63 on Friday. The stock has a market capitalization of $37.58 billion, a P/E ratio of 214.96, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business has a 50-day moving average price of $135.05 and a two-hundred day moving average price of $131.66.

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%. As a group, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’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 transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 589,353 shares of company stock worth $86,544,020. 11.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective for the company. Citigroup cut their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. TD Cowen reissued a “buy” rating and set a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Finally, DA Davidson lifted their price objective on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.70.

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.