Mn Services Vermogensbeheer B.V. Raises Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Mn Services Vermogensbeheer B.V. grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 106,500 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Datadog were worth $15,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares during the last quarter. Spire Wealth Management raised its position in shares of Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its position in 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 acquiring an additional 81 shares in the last quarter. Pathstone Holdings LLC grew its position in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. Finally, Parsons Capital Management Inc. RI increased its stake in Datadog by 2.0% during the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after acquiring an additional 96 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Loop Capital lifted their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Cantor Fitzgerald started coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Citigroup lowered their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Scotiabank reduced their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last three months. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Up 0.1 %

Shares of NASDAQ DDOG opened at $113.53 on Friday. The stock has a market capitalization of $38.57 billion, a PE ratio of 222.61, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The stock’s fifty day simple moving average is $139.17 and its two-hundred day simple moving average is $131.71.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.