Lincoln National Corp Acquires 1,231 Shares of Datadog, Inc. (NASDAQ:DDOG)

Lincoln National Corp lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 24.1% in the 4th quarter, Holdings Channel reports. The firm owned 6,345 shares of the company’s stock after buying an additional 1,231 shares during the quarter. Lincoln National Corp’s holdings in Datadog were worth $770,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DDOG. Anchor Investment Management LLC bought a new position in shares of Datadog in the fourth quarter valued at approximately $25,000. Private Trust Co. NA lifted its holdings in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the last quarter. AM Squared Ltd bought a new position in shares of Datadog during the 3rd quarter worth about $36,000. GAMMA Investing LLC acquired a new position in Datadog in the 4th quarter valued at approximately $45,000. Finally, Headinvest LLC acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $46,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

Shares of DDOG stock opened at $115.87 on Friday. The stock has a 50-day moving average of $124.30 and a 200-day moving average of $119.14. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The stock has a market cap of $38.45 billion, a PE ratio of 965.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. As a group, sell-side analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $150.00 price objective on shares of Datadog in a research note on Friday, February 23rd. Mizuho upped their price objective on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Wolfe Research upped their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $152.00 price objective on shares of Datadog in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $135.58.

Insider Buying and Selling

In other Datadog news, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Datadog news, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the transaction, the insider now owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David M. Obstler sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the completion of the transaction, the chief financial officer now owns 275,191 shares of the company’s stock, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 712,530 shares of company stock valued at $91,195,791. 11.78% of the stock is owned by company insiders.

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.