AustralianSuper Pty Ltd Acquires 1,545 Shares of Datadog, Inc. (NASDAQ:DDOG)

AustralianSuper Pty Ltd boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 35.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,869 shares of the company’s stock after buying an additional 1,545 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Datadog were worth $839,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DDOG. True Wealth Design LLC boosted its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $30,000. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% in the fourth 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. Meeder Asset Management Inc. boosted its position in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP bought a new position in shares of Datadog in the third quarter worth approximately $33,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Down 3.6 %

Shares of DDOG opened at $131.01 on Friday. The company’s fifty day simple moving average is $145.10 and its 200-day simple moving average is $131.02. The company has a market cap of $44.51 billion, a P/E ratio of 247.19, a P/E/G ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. Analysts predict that Datadog, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 627,586 shares of company stock worth $92,540,479. Insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DDOG shares. Robert W. Baird upped their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. Sanford C. Bernstein lowered their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Rosenblatt Securities boosted 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $158.39.

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.