Swedbank AB Boosts Holdings in Datadog, Inc. (NASDAQ:DDOG)

Swedbank AB increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 10.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,825 shares of the company’s stock after purchasing an additional 12,113 shares during the period. Swedbank AB’s holdings in Datadog were worth $17,550,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DDOG. The Manufacturers Life Insurance Company lifted its position in Datadog by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 42,551 shares of the company’s stock valued at $5,518,000 after purchasing an additional 1,843 shares during the last quarter. Algert Global LLC boosted its position in Datadog by 128.0% during the 2nd quarter. Algert Global LLC now owns 4,427 shares of the company’s stock valued at $574,000 after buying an additional 2,485 shares during the period. Creative Planning grew its holdings in Datadog by 7.1% in the 2nd quarter. Creative Planning now owns 14,578 shares of the company’s stock worth $1,891,000 after acquiring an additional 963 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Datadog by 4.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,141 shares of the company’s stock valued at $1,704,000 after acquiring an additional 571 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Datadog by 60.6% during the second quarter. Truist Financial Corp now owns 30,819 shares of the company’s stock worth $3,997,000 after purchasing an additional 11,634 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the transaction, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 653,874 shares of company stock valued at $93,721,154 over the last ninety days. Insiders own 11.78% of the company’s stock.

Datadog Trading Up 0.1 %

Shares of DDOG opened at $142.71 on Friday. The company has a market cap of $48.48 billion, a price-to-earnings ratio of 269.27, a P/E/G ratio of 16.94 and a beta of 1.14. The business’s fifty day simple moving average is $148.23 and its two-hundred day simple moving average is $129.39. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen reaffirmed a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Barclays raised their price target on Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Loop Capital boosted their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. BMO Capital Markets raised their target price on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities increased their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.59.

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.