Highview Capital Management LLC DE Boosts Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Highview Capital Management LLC DE raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,735 shares of the company’s stock after purchasing an additional 364 shares during the period. Highview Capital Management LLC DE’s holdings in Datadog were worth $1,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Allworth Financial LP grew its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after acquiring an additional 75 shares during the last quarter. Spire Wealth Management increased its stake in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the period. Avior Wealth Management LLC increased its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the period. Pathstone Holdings LLC grew its holdings in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares during the last quarter. Finally, Parsons Capital Management Inc. RI raised its stake in shares of Datadog by 2.0% during the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock valued at $706,000 after acquiring an additional 96 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DDOG shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Sanford C. Bernstein reduced their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. BMO Capital Markets lifted their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays decreased their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Truist Financial dropped their price target on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $158.39.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 627,586 shares of company stock worth $92,540,479 over the last three months. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Down 3.6 %

Shares of NASDAQ DDOG opened at $131.01 on Monday. The stock has a market capitalization of $44.51 billion, a price-to-earnings ratio of 247.19, a P/E/G ratio of 16.83 and a beta of 1.15. The firm’s 50-day moving average price is $145.10 and its 200-day moving average price is $131.13. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last posted 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 7.58% and a return on equity of 9.41%. On average, equities analysts predict that Datadog, Inc. will post 0.53 EPS for the current fiscal year.

Datadog 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.