Natixis Advisors LLC Acquires 9,097 Shares of Datadog, Inc. (NASDAQ:DDOG)

Natixis Advisors LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,993 shares of the company’s stock after purchasing an additional 9,097 shares during the quarter. Natixis Advisors LLC’s holdings in Datadog were worth $11,859,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DDOG. True Wealth Design LLC increased its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC increased its stake in 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 purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP acquired a new position in shares of Datadog during the third quarter valued at about $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Datadog news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the transaction, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock worth $79,144,334 over the last quarter. 11.78% of the stock is currently owned by company insiders.

Datadog Trading Up 1.5 %

NASDAQ:DDOG opened at $104.43 on Thursday. The firm’s 50 day moving average is $128.45 and its 200 day moving average is $130.99. Datadog, Inc. has a 12 month low of $98.30 and a 12 month high of $170.08. The stock has a market capitalization of $35.79 billion, a PE ratio of 204.77, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 net margin of 6.85% and a return on equity of 8.28%. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Morgan Stanley restated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. Loop Capital increased their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.