Ilmarinen Mutual Pension Insurance Co Increases Holdings in Datadog, Inc. (NASDAQ:DDOG)

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Datadog were worth $6,430,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Datadog by 3.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock valued at $1,746,000 after acquiring an additional 511 shares during the last quarter. Captrust Financial Advisors lifted its position in Datadog by 16.5% during the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock valued at $1,095,000 after purchasing an additional 1,349 shares during the period. Benjamin Edwards Inc. grew its position in Datadog by 78,000.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company’s stock worth $270,000 after purchasing an additional 2,340 shares during the period. Hilltop Holdings Inc. acquired a new stake in Datadog during the 3rd quarter worth about $291,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Datadog by 29.8% in the 3rd quarter. Janus Henderson Group PLC now owns 22,851 shares of the company’s stock valued at $2,629,000 after buying an additional 5,252 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent research reports. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Jefferies Financial Group decreased their target price on shares of Datadog from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada raised their price target on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Citigroup lowered their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. One 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 company’s stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the sale, the director now owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock worth $75,444,584 in the last 90 days. Insiders own 11.78% of the company’s stock.

Datadog Stock Down 6.9 %

Shares of NASDAQ:DDOG opened at $87.93 on Friday. Datadog, Inc. has a 52-week low of $86.57 and a 52-week high of $170.08. The stock has a market cap of $30.14 billion, a P/E ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20. The business has a fifty day moving average of $119.52 and a two-hundred day moving average of $130.33.

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

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.