14,469 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Twin Capital Management Inc.

Twin Capital Management Inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,469 shares of the company's stock, valued at approximately $1,756,000.

A number of other institutional investors also recently bought and sold shares of DDOG. Anchor Investment Management LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $25,000. BluePath Capital Management LLC purchased a new stake in Datadog in the 3rd quarter worth approximately $31,000. Private Trust Co. NA grew its stake in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after purchasing an additional 223 shares during the period. AM Squared Ltd acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $36,000. Finally, KB Financial Partners LLC purchased a new position in shares of Datadog during the 1st quarter valued at approximately $37,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Olivier Pomel sold 10,000 shares of the firm's stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company's stock, valued at approximately $38,879,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 299,075 shares of the company's stock, valued at approximately $38,879,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock valued at $95,917,681 in the last quarter. Insiders own 14.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wolfe Research lifted 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. Royal Bank of Canada upped their price target on Datadog from $145.00 to $151.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Robert W. Baird raised their price objective on Datadog from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 target price (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Finally, Needham & Company LLC increased their target price on Datadog from $125.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.52.

Datadog Trading Down 3.9 %

Shares of DDOG traded down $4.93 during mid-day trading on Friday, reaching $120.09. The stock had a trading volume of 3,626,793 shares, compared to its average volume of 4,057,919. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The firm has a market cap of $39.85 billion, a price-to-earnings ratio of 1,000.75 and a beta of 1.15. The business's fifty day moving average is $125.89 and its 200 day moving average is $115.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to analysts' expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business's revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, sell-side analysts predict that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

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.