Mn Services Vermogensbeheer B.V. Cuts Position in Datadog, Inc. (NASDAQ:DDOG)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,000 shares of the company’s stock after selling 1,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Datadog were worth $14,323,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Datadog during the 4th quarter valued at about $25,000. BluePath Capital Management LLC bought a new stake in shares of Datadog in the third quarter worth $31,000. Private Trust Co. NA lifted its holdings in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the period. AM Squared Ltd bought a new stake in shares of Datadog during the 3rd quarter valued at about $36,000. Finally, KB Financial Partners LLC bought a new stake in Datadog during the first quarter valued at approximately $37,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $127.51 on Monday. The company has a 50 day simple moving average of $126.61 and a two-hundred day simple moving average of $114.92. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 1,062.58 and a beta of 1.16. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 12 month low of $62.60 and a 12 month high of $138.61.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Barclays boosted their price target on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Wolfe Research increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Robert W. Baird lifted their price target on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC increased their price target on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.33.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 10,006 shares of Datadog stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,750.00. Following the completion of the transaction, the executive now directly owns 146,439 shares of the company’s stock, valued at approximately $18,304,875. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the transaction, the chief technology officer now directly owns 290,412 shares of the company’s stock, valued at $36,455,418.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 10,006 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $125.00, for a total transaction of $1,250,750.00. Following the completion of the transaction, the executive now directly owns 146,439 shares in the company, valued at $18,304,875. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 730,990 shares of company stock valued at $93,915,631. 14.97% of the stock is owned by company 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.