Forsta AP Fonden Trims Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Forsta AP Fonden cut its position in Datadog, Inc. (NASDAQ:DDOG) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,000 shares of the company’s stock after selling 500 shares during the quarter. Forsta AP Fonden’s holdings in Datadog were worth $8,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DDOG. Holocene Advisors LP boosted its holdings in Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the period. Champlain Investment Partners LLC bought a new stake in Datadog in the third quarter valued at approximately $52,561,000. Eagle Asset Management Inc. boosted its stake in shares of Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after purchasing an additional 384,121 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Datadog by 51.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock worth $69,985,000 after purchasing an additional 206,696 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Datadog by 199.7% in the fourth quarter. KBC Group NV now owns 298,225 shares of the company’s stock worth $42,614,000 after buying an additional 198,718 shares during the period. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DDOG has been the subject of several analyst reports. Scotiabank dropped their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Robert W. Baird increased their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup boosted their price target on Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 17th. Loop Capital increased their price objective on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, TD Cowen reissued a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.59.

Datadog Trading Down 2.1 %

Datadog stock opened at $142.61 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a fifty day simple moving average of $148.26 and a two-hundred day simple moving average of $129.30. The firm has a market cap of $48.45 billion, a price-to-earnings ratio of 269.08, a PEG ratio of 16.28 and a beta of 1.14.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 653,874 shares of company stock valued at $93,721,154 over the last ninety days. Insiders own 11.78% of the company’s stock.

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.