China Universal Asset Management Co. Ltd. Has $3.11 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

China Universal Asset Management Co. Ltd. grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 49.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,598 shares of the company's stock after buying an additional 8,484 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Datadog were worth $3,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DDOG. Anchor Investment Management LLC bought a new position in shares of Datadog during the fourth quarter valued at about $25,000. BluePath Capital Management LLC bought a new position in shares of Datadog during the third quarter valued at about $31,000. AM Squared Ltd bought a new position in shares of Datadog during the third quarter valued at about $36,000. KB Financial Partners LLC bought a new position in shares of Datadog during the first quarter valued at about $37,000. Finally, Headinvest LLC bought a new stake in shares of Datadog in the third quarter worth about $46,000. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on DDOG shares. Robert W. Baird raised their target price on Datadog from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 14th. Needham & Company LLC raised their target price on Datadog from $125.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Royal Bank of Canada raised their target price on Datadog from $145.00 to $151.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. Truist Financial raised their target price on Datadog from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. Finally, Barclays raised their target price on Datadog from $138.00 to $152.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $128.18.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $120.08, for a total value of $15,262,768.40. Following the sale, the chief technology officer now owns 247,328 shares in the company, valued at approximately $29,699,146.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $120.08, for a total transaction of $15,262,768.40. Following the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at approximately $29,699,146.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 10,000 shares of the company's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the sale, the chief executive officer now owns 299,075 shares in the company, valued at $38,879,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 730,390 shares of company stock valued at $93,147,705. Company insiders own 14.97% of the company's stock.

Datadog Stock Down 0.7 %

NASDAQ DDOG traded down $0.79 during mid-day trading on Thursday, reaching $120.72. The stock had a trading volume of 2,734,692 shares, compared to its average volume of 4,212,715. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. The company has a fifty day moving average price of $126.72 and a 200 day moving average price of $113.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market cap of $40.06 billion, a PE ratio of 1,006.00 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate 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%. Datadog's quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, research analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Datadog Company 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.