Nations Financial Group Inc. IA ADV Acquires 130 Shares of Datadog, Inc. (NASDAQ:DDOG)

Nations Financial Group Inc. IA ADV grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,771 shares of the company’s stock after acquiring an additional 130 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Datadog were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Datadog by 354.7% during the fourth quarter. Blue Trust Inc. now owns 2,451 shares of the company’s stock worth $350,000 after buying an additional 1,912 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in Datadog by 35.7% in the 4th quarter. AustralianSuper Pty Ltd now owns 5,869 shares of the company’s stock valued at $839,000 after acquiring an additional 1,545 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Datadog by 4.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 378,895 shares of the company’s stock valued at $54,140,000 after acquiring an additional 15,750 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Datadog by 4.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 103,290 shares of the company’s stock worth $15,079,000 after purchasing an additional 4,096 shares in the last quarter. Finally, Van ECK Associates Corp bought a new position in shares of Datadog in the fourth quarter worth $182,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Datadog stock opened at $131.01 on Tuesday. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The firm has a 50 day moving average price of $145.10 and a two-hundred day moving average price of $131.24.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. As a group, equities research analysts predict that Datadog, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DDOG. Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday. Robert W. Baird boosted their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price objective on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $158.39.

Insider Transactions at Datadog

In other news, President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 627,586 shares of company stock valued at $92,540,479. Corporate insiders own 11.78% of the company’s stock.

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.