Ilmarinen Mutual Pension Insurance Co Acquires 15,000 Shares of Datadog, Inc. (NASDAQ:DDOG)

Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Datadog were worth $6,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new position in Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC boosted 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 worth $32,000 after purchasing an additional 81 shares during the period. Quarry LP bought a new position in shares of Datadog during the 3rd quarter valued at approximately $33,000. Kieckhefer Group LLC purchased a new stake in Datadog during the 4th quarter valued at $43,000. Finally, Summit Securities Group LLC bought a new stake in Datadog in the fourth quarter worth $43,000. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog 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 completion of 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. Over the last three months, insiders have sold 601,412 shares of company stock valued at $75,444,584. Corporate insiders own 11.78% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $87.93 on Friday. The company has a market cap of $30.14 billion, a P/E ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20. The stock’s 50-day moving average is $119.52 and its 200 day moving average is $130.33. Datadog, Inc. has a 1-year low of $86.57 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) 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 anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on DDOG. Rosenblatt Securities boosted their price objective on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. DA Davidson boosted their target price on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. One equities research 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.22.

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.