Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 247.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,266 shares of the company's stock after purchasing an additional 134,150 shares during the period. Pinebridge Investments L.P. owned 0.06% of Datadog worth $26,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the fourth 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. Kieckhefer Group LLC purchased a new position in Datadog in the fourth quarter valued at about $43,000. Summit Securities Group LLC purchased a new position in Datadog in the fourth quarter valued at about $43,000. Finally, Friedenthal Financial purchased a new position in Datadog in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and cut their price objective for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Jefferies Financial Group reissued a "buy" rating and issued a $135.00 price objective (down from $150.00) on shares of Datadog in a research report on Monday, April 7th. Barclays cut their price objective on Datadog from $180.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Citigroup cut their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $1.92 during midday trading on Friday, hitting $101.52. 3,025,472 shares of the company's stock were exchanged, compared to its average volume of 4,354,572. The stock's 50 day moving average price is $102.74 and its 200-day moving average price is $127.32. The firm has a market cap of $34.80 billion, a P/E ratio of 199.06, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

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

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 523,756 shares of company stock worth $58,732,500. Company insiders own 11.78% of the company's stock.

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.