Generali Asset Management SPA SGR Makes New $1.45 Million Investment in Datadog, Inc. (NASDAQ:DDOG)

Generali Asset Management SPA SGR acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,171 shares of the company’s stock, valued at approximately $1,453,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% during the 4th 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 period. True Wealth Design LLC boosted its holdings in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP bought a new stake in shares of Datadog during the 3rd quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DDOG. 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. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Citigroup cut their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Stock Down 1.2 %

Shares of Datadog stock opened at $103.17 on Friday. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The company has a 50-day simple moving average of $127.67 and a 200 day simple moving average of $130.80. The stock has a market capitalization of $35.36 billion, a P/E ratio of 202.30, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a document filed 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 dated Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock valued at $79,144,334 in the last 90 days. 11.78% of the stock is currently owned by 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.