EFG Asset Management North America Corp. Has $4.12 Million Position in Datadog, Inc. (NASDAQ:DDOG)

EFG Asset Management North America Corp. raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,871 shares of the company’s stock after acquiring an additional 1,105 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Datadog were worth $4,124,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC lifted 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 buying an additional 240 shares during the last quarter. Quarry LP bought a new stake in shares of Datadog during the 3rd quarter worth about $33,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of DDOG stock opened at $110.17 on Tuesday. The stock’s fifty day simple moving average is $126.41 and its 200 day simple moving average is $131.01. Datadog, Inc. has a one year low of $98.30 and a one year high of $170.08. The firm has a market cap of $37.76 billion, a price-to-earnings ratio of 216.02, a P/E/G ratio of 44.03 and a beta of 1.22.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on DDOG shares. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. 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 price objective for the company. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. 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 research report on Monday, January 6th. Finally, Citigroup decreased their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the sale, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 626,412 shares of company stock valued at $79,144,334. 11.78% of the stock is currently owned by insiders.

About Datadog

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.