Sava Infond d.o.o. Makes New $114,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Sava Infond d.o.o. acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 800 shares of the company’s stock, valued at approximately $114,000.

Other large investors have also recently modified their holdings of the company. Quest Partners LLC increased its stake in Datadog by 2,323.9% in the 3rd quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock worth $128,000 after purchasing an additional 1,069 shares during the period. Cerity Partners LLC grew its holdings in shares of Datadog by 33.9% in the third quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock worth $4,689,000 after purchasing an additional 10,318 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Datadog by 3,718.2% in the third quarter. Larson Financial Group LLC now owns 840 shares of the company’s stock worth $97,000 after buying an additional 818 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Datadog during the 3rd quarter valued at $780,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Datadog during the 3rd quarter valued at $334,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $104.85 on Friday. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The stock’s fifty day moving average price is $124.54 and its 200-day moving average price is $130.69. The company has a market cap of $35.94 billion, a P/E ratio of 205.59, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted its earnings results 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 net margin of 6.85% and a return on equity of 8.28%. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DDOG. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Citigroup lowered their price target on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Needham & Company LLC restated a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Finally, Royal Bank of Canada lifted their price target on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by insiders.

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.