Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,319,132 shares of the company's stock after buying an additional 870,217 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 1.27% of Datadog worth $617,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Element Pointe Advisors LLC lifted its position in shares of Datadog by 60.7% in the 4th quarter. Element Pointe Advisors LLC now owns 2,909 shares of the company's stock worth $416,000 after purchasing an additional 1,099 shares during the period. Concentric Capital Strategies LP bought a new position in shares of Datadog in the 4th quarter worth $5,255,000. Caption Management LLC boosted its position in Datadog by 863.9% during the fourth quarter. Caption Management LLC now owns 34,700 shares of the company's stock valued at $4,958,000 after purchasing an additional 31,100 shares in the last quarter. Cetera Investment Advisers grew its stake in Datadog by 24.4% in the fourth quarter. Cetera Investment Advisers now owns 61,603 shares of the company's stock valued at $8,802,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Brevan Howard Capital Management LP lifted its position in shares of Datadog by 66.9% during the fourth quarter. Brevan Howard Capital Management LP now owns 40,652 shares of the company's stock valued at $5,809,000 after buying an additional 16,295 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares of the company's stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 10,167 shares of Datadog stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the sale, the director now directly owns 82,324 shares in the company, valued at approximately $9,538,058.64. The trade was a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 559,867 shares of company stock valued at $57,550,902. 11.78% of the stock is currently owned by insiders.

Datadog Trading Down 1.2 %

DDOG traded down $1.34 on Friday, hitting $107.88. 3,603,369 shares of the company's stock were exchanged, compared to its average volume of 4,334,058. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 211.53, a P/E/G ratio of 44.03 and a beta of 1.12. The firm has a 50-day moving average price of $100.20 and a 200-day moving average price of $125.81.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. Datadog's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DDOG shares. UBS Group increased their target price on shares of Datadog from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday. Wedbush dropped their target price on Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday. Canaccord Genuity Group lowered their price target on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup dropped their target price on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, BTIG Research set a $136.00 price target on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.54.

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.