Swedbank AB Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Swedbank AB boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 122,825 shares of the company’s stock after buying an additional 12,113 shares during the quarter. Swedbank AB’s holdings in Datadog were worth $17,550,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC raised its position in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the period. Geode Capital Management LLC raised its holdings in Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after acquiring an additional 46,746 shares in the last quarter. Holocene Advisors LP grew its position in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Datadog by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after purchasing an additional 29,404 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 0.1 %

DDOG opened at $142.71 on Friday. The business has a fifty day moving average of $148.23 and a 200 day moving average of $129.39. The stock has a market cap of $48.48 billion, a P/E ratio of 269.27, a PEG ratio of 16.94 and a beta of 1.14. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DDOG shares. Truist Financial downgraded Datadog from a “buy” rating to a “hold” rating and dropped their price target for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th. DA Davidson raised their target price on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. TD Cowen reissued a “buy” rating and set a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald began coverage on Datadog in a research note on Friday, January 17th. They set an “overweight” rating and a $180.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.59.

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.