Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,735 shares of the company’s stock after buying an additional 364 shares during the period. Highview Capital Management LLC DE’s holdings in Datadog were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DDOG. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC boosted 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 worth $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in 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 acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Mizuho lifted their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets upped their price target on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Truist Financial reduced their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.39.

Datadog Trading Down 3.6 %

Shares of Datadog stock opened at $131.01 on Monday. The stock has a market cap of $44.51 billion, a PE ratio of 247.19, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company has a 50-day moving average of $145.10 and a two-hundred day moving average of $131.13.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. On average, sell-side analysts forecast that Datadog, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 627,586 shares of company stock worth $92,540,479 over the last three months. 11.78% of the stock is currently owned by corporate insiders.

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.