Gulf International Bank UK Ltd Has $3.40 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Gulf International Bank UK Ltd cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,772 shares of the company’s stock after selling 211 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Datadog were worth $3,396,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. True Wealth Design LLC grew its holdings in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. increased its position in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in Datadog during the 3rd quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the subject of a number of research analyst reports. Citigroup decreased their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Jefferies Financial Group boosted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Rosenblatt Securities raised their target price on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Truist Financial reduced their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Performance

Shares of DDOG stock opened at $113.53 on Friday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 222.61, a PEG ratio of 44.03 and a beta of 1.15. The firm’s 50-day moving average is $139.17 and its 200-day moving average is $131.71.

Datadog (NASDAQ:DDOG) last released 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 net margin of 6.85% and a return on equity of 8.28%. Sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock valued at $82,904,025 in the last quarter. 11.78% of the stock is currently owned by insiders.

Datadog Company 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.