Twin Capital Management Inc. Takes $1.76 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Twin Capital Management Inc. purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, HoldingsChannel reports. The firm purchased 14,469 shares of the company’s stock, valued at approximately $1,756,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in Datadog during the 4th quarter worth approximately $25,000. Private Trust Co. NA increased its stake in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Datadog during the 3rd quarter worth approximately $31,000. AM Squared Ltd bought a new stake in Datadog during the 3rd quarter worth approximately $36,000. Finally, CVA Family Office LLC bought a new stake in Datadog during the 4th quarter worth approximately $53,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $125.02 on Friday. The stock’s 50-day moving average is $126.18 and its 200 day moving average is $115.55. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The stock has a market cap of $41.49 billion, a price-to-earnings ratio of 1,041.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same period last year, the company earned ($0.08) EPS. Datadog’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00. Following the sale, the executive now directly owns 162,706 shares in the company, valued at approximately $21,129,001.16. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00. Following the completion of the sale, the executive now owns 162,706 shares in the company, valued at $21,129,001.16. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock worth $95,917,681 in the last ninety days. 14.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup increased their target price on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 price target on shares of Datadog in a research report on Wednesday. Wolfe Research raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Finally, Royal Bank of Canada raised their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.52.

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.