Allianz SE Acquires Shares of 1,240 Datadog, Inc. (NASDAQ:DDOG)

Allianz SE bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,240 shares of the company’s stock, valued at approximately $179,000.

Other large investors also recently made changes to their positions in the company. Allstate Corp bought a new stake in Datadog in the fourth quarter valued at approximately $1,179,000. Orion Portfolio Solutions LLC increased its position in shares of Datadog by 46.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 10,234 shares of the company’s stock valued at $1,462,000 after buying an additional 3,260 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Datadog by 50.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 185,280 shares of the company’s stock worth $26,475,000 after buying an additional 61,972 shares during the period. New Age Alpha Advisors LLC lifted its holdings in Datadog by 6.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 10,000 shares of the company’s stock worth $1,429,000 after acquiring an additional 600 shares in the last quarter. Finally, Norges Bank acquired a new position in Datadog in the fourth quarter valued at about $462,910,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated Monday, January 27th. The shares were 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 directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now owns 427,785 shares of the company’s stock, valued at $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. Insiders have sold 601,412 shares of company stock valued at $75,444,584 over the last ninety days. 11.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DDOG. Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Finally, DA Davidson boosted their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 10th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.22.

Datadog Stock Performance

Datadog stock opened at $99.21 on Tuesday. The stock has a 50-day simple moving average of $123.01 and a 200 day simple moving average of $130.88. The stock has a market capitalization of $34.01 billion, a P/E ratio of 194.53, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $96.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 EPS 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%. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.