Datadog, Inc. (NASDAQ:DDOG) Stake Raised by Elo Mutual Pension Insurance Co (2024)

Datadog, Inc. (NASDAQ:DDOG) Stake Raised by Elo Mutual Pension Insurance Co (1)Elo Mutual Pension Insurance Co increased its holdings in Datadog, Inc. (NASDAQ:DDOGFree Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,279 shares of the company’s stock after acquiring an additional 1,202 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Datadog were worth $2,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Ossiam lifted its stake in Datadog by 3,322.3% in the 4th quarter. Ossiam now owns 103,010 shares of the company’s stock worth $12,503,000 after acquiring an additional 100,000 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in Datadog in the 4th quarter worth about $217,000. Quadrature Capital Ltd lifted its stake in Datadog by 816.2% in the 4th quarter. Quadrature Capital Ltd now owns 74,212 shares of the company’s stock worth $9,008,000 after acquiring an additional 66,112 shares in the last quarter. Wildcat Capital Management LLC purchased a new stake in Datadog in the 4th quarter worth about $356,000. Finally, Prudential PLC lifted its stake in Datadog by 4.6% in the 4th quarter. Prudential PLC now owns 28,533 shares of the company’s stock worth $3,463,000 after acquiring an additional 1,254 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $114.90 on Wednesday. The business has a 50 day moving average price of $121.10 and a 200 day moving average price of $122.82. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a market cap of $38.43 billion, a price-to-earnings ratio of 359.06, a PEG ratio of 42.65 and a beta of 1.10. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Research analysts predict that Datadog, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDOG. BMO Capital Markets reduced their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $146.00 target price on shares of Datadog in a research report on Monday, May 6th. Barclays dropped their target price on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Finally, Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a research report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.50.

Read Our Latest Stock Analysis on Datadog

Insiders Place Their Bets

In other Datadog news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares in the company, valued at approximately $11,343,008.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Datadog news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares in the company, valued at approximately $11,343,008.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $109.79, for a total value of $13,954,857.95. Following the transaction, the chief technology officer now owns 279,025 shares of the company’s stock, valued at approximately $30,634,154.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 674,209 shares of company stock worth $79,456,497. 11.78% of the stock is currently owned by company insiders.

About Datadog

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOGFree Report).

Datadog, Inc. (NASDAQ:DDOG) Stake Raised by Elo Mutual Pension Insurance Co (2)

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Datadog, Inc. (NASDAQ:DDOG) Stake Raised by Elo Mutual Pension Insurance Co (2024)
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