Ontario Teachers Pension Plan Board Takes $571,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Ontario Teachers Pension Plan Board acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,996 shares of the company's stock, valued at approximately $571,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after purchasing an additional 75 shares during the period. Spire Wealth Management lifted its holdings in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after purchasing an additional 80 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Farther Finance Advisors LLC grew its holdings in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Datadog by 16.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after buying an additional 94 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of Datadog stock traded down $2.84 on Monday, reaching $88.34. 693,324 shares of the company's stock were exchanged, compared to its average volume of 4,326,030. The company has a market capitalization of $30.28 billion, a P/E ratio of 173.45, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm's 50-day moving average is $106.75 and its two-hundred day moving average is $128.35.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now owns 324,778 shares of the company's stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the sale, the executive now owns 185,871 shares of the company's stock, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 548,756 shares of company stock valued at $62,219,250. Company insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several analyst reports. Scotiabank dropped their price objective on shares of Datadog from $155.00 to $125.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their price target on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Macquarie reaffirmed an "outperform" rating and issued a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada increased their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.33.

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.