UniSuper Management Pty Ltd Decreases Stock Position in Datadog, Inc. (NASDAQ:DDOG)

UniSuper Management Pty Ltd decreased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,400 shares of the company’s stock after selling 900 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Datadog were worth $772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sava Infond d.o.o. purchased a new position in Datadog in the fourth quarter worth approximately $114,000. Elo Mutual Pension Insurance Co lifted its position in shares of Datadog by 4.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 25,619 shares of the company’s stock worth $3,661,000 after purchasing an additional 1,053 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Datadog during the fourth quarter worth $95,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Datadog by 7.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 475,391 shares of the company’s stock valued at $67,929,000 after buying an additional 33,264 shares during the last quarter. Finally, Keystone Investors PTE Ltd. raised its stake in Datadog by 11.2% in the fourth quarter. Keystone Investors PTE Ltd. now owns 171,378 shares of the company’s stock valued at $24,488,000 after buying an additional 17,244 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 1.9 %

Shares of NASDAQ DDOG opened at $99.21 on Tuesday. The firm has a 50-day moving average price of $123.01 and a 200 day moving average price of $130.88. Datadog, Inc. has a 52 week low of $96.63 and a 52 week high of $170.08. The stock has a market capitalization of $34.01 billion, a price-to-earnings ratio of 194.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 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%. Equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DDOG shares. Loop Capital increased their price objective on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Jefferies Financial Group dropped their price target on shares of Datadog from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. JMP Securities restated a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Citigroup dropped their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the transaction, the director now directly owns 195,667 shares in the company, valued at $27,612,527.04. The trade was a 11.33 % decrease in their position. The sale 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 stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the sale, the chief technology officer now owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 in the last 90 days. 11.78% of the stock is currently owned by insiders.

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.