Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 333,802 shares of the company's stock, valued at approximately $47,697,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Datadog at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Datadog by 14.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,214 shares of the company's stock worth $888,000 after purchasing an additional 764 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Datadog in the 4th quarter worth about $209,000. RFG Advisory LLC purchased a new stake in Datadog in the 4th quarter valued at about $291,000. Finally, Fifth Third Bancorp grew its position in shares of Datadog by 410.9% during the 4th quarter. Fifth Third Bancorp now owns 11,255 shares of the company's stock valued at $1,608,000 after acquiring an additional 9,052 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of DDOG traded down $0.07 during mid-day trading on Friday, hitting $116.93. 7,309,763 shares of the company's stock were exchanged, compared to its average volume of 4,385,911. The company has a market cap of $40.38 billion, a price-to-earnings ratio of 229.28, a P/E/G ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock's 50-day moving average is $103.42 and its 200-day moving average is $124.78.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm's revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares in the company, valued at approximately $18,966,276.84. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 609,867 shares of company stock worth $63,443,152. Insiders own 11.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DDOG shares. Rosenblatt Securities cut their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Royal Bank of Canada restated an "outperform" rating and issued a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Scotiabank set a $130.00 target price on shares of Datadog and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Finally, DA Davidson upped their target price on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.04.

About Datadog

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.