Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 62,411 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Datadog were worth $8,918,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% during 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 last quarter. Retirement Wealth Solutions LLC acquired a new position in Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in shares of Datadog in the third quarter valued at about $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on 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 owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock valued at $82,904,025 in the last 90 days. 11.78% of the stock is currently owned by insiders.

Datadog Stock Performance

DDOG stock opened at $117.51 on Tuesday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The stock has a market capitalization of $39.92 billion, a P/E ratio of 230.42, a PEG ratio of 44.03 and a beta of 1.15. The company has a 50 day moving average price of $141.41 and a two-hundred day moving average price of $131.95.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data 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 net margin of 6.85% and a return on equity of 8.28%. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DDOG. Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. TD Cowen restated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Friday, February 14th. Finally, BMO Capital Markets raised their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

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.