Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,640 shares of the company’s stock after purchasing an additional 652 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Datadog were worth $927,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Atria Wealth Solutions Inc. lifted its holdings in Datadog by 10.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,635 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,104 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in Datadog by 27.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,008 shares of the company’s stock worth $364,000 after purchasing an additional 655 shares during the period. Yousif Capital Management LLC lifted its holdings in Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC acquired a new stake in Datadog in the fourth quarter worth about $45,000. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Datadog by 10.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,803 shares of the company’s stock valued at $1,190,000 after acquiring an additional 967 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DDOG. Wolfe Research upped their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. William Blair reiterated an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Truist Financial upped their target price on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Barclays upped their target price on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Stock Up 5.0 %

DDOG opened at $131.45 on Friday. Datadog, Inc. has a 1-year low of $63.00 and a 1-year high of $138.61. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15. The business has a 50 day moving average of $125.25 and a 200-day moving average of $117.01.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the prior year, the business earned ($0.08) earnings per share. Datadog’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 70,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $120.73, for a total value of $8,451,100.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $33,223,809.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Sean Michael Walters sold 5,650 shares of Datadog stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.86, for a total value of $682,859.00. Following the completion of the sale, the executive now directly owns 176,943 shares in the company, valued at $21,385,330.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David M. Obstler sold 70,000 shares of Datadog stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.73, for a total value of $8,451,100.00. Following the completion of the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at $33,223,809.43. The disclosure for this sale can be found here. Insiders sold a total of 759,908 shares of company stock valued at $97,728,997 over the last ninety days. 14.97% of the stock is owned by company 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.