Datadog, Inc. (NASDAQ:DDOG) Shares Bought by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 69.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 983 shares of the company’s stock after buying an additional 404 shares during the period. J.Safra Asset Management Corp’s holdings in Datadog were worth $142,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Keybank National Association OH increased its stake in Datadog by 25.3% during the fourth quarter. Keybank National Association OH now owns 9,756 shares of the company’s stock worth $1,394,000 after acquiring an additional 1,967 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Datadog by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,254,538 shares of the company’s stock valued at $179,261,000 after purchasing an additional 77,961 shares in the last quarter. LGT Group Foundation grew its holdings in shares of Datadog by 5.5% during the 4th quarter. LGT Group Foundation now owns 48,283 shares of the company’s stock worth $6,899,000 after purchasing an additional 2,513 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Datadog during the 4th quarter worth approximately $1,239,000. Finally, Bailard Inc. increased its position in Datadog by 8.8% during the 4th quarter. Bailard Inc. now owns 49,981 shares of the company’s stock worth $7,142,000 after purchasing an additional 4,048 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the completion of the transaction, the director now directly owns 82,324 shares in the company, valued at $9,402,224.04. This represents a 23.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 589,353 shares of company stock valued at $86,544,020. Company insiders own 11.78% of the company’s stock.

Datadog Stock Down 0.3 %

NASDAQ:DDOG opened at $115.09 on Thursday. The company has a market cap of $39.45 billion, a PE ratio of 225.67, a P/E/G ratio of 44.03 and a beta of 1.22. The business’s 50 day moving average is $136.50 and its two-hundred day moving average is $131.85. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data 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, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DDOG shares. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Mizuho upped their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Scotiabank lowered their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group upped their target price on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.