Andra AP fonden Sells 109,700 Shares of Datadog, Inc. (NASDAQ:DDOG)

Andra AP fonden lessened its holdings in Datadog, Inc. (NASDAQ:DDOG) by 94.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,600 shares of the company’s stock after selling 109,700 shares during the period. Andra AP fonden’s holdings in Datadog were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. True Wealth Design LLC raised its stake 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 valued at $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in shares of Datadog in the third quarter valued at $33,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 1.6 %

DDOG stock opened at $109.63 on Monday. The firm has a 50 day moving average of $135.05 and a 200 day moving average of $131.86. The stock has a market capitalization of $37.58 billion, a PE ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on DDOG. Barclays reduced their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Truist Financial reduced their target price on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group raised their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.70.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the transaction, the director now directly owns 82,324 shares of the company’s stock, valued at approximately $9,402,224.04. This trade represents a 23.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 410,630 shares of company stock valued at $57,719,574. 11.78% of the stock is owned by 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.