Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 18.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,500 shares of the company’s stock after selling 5,000 shares during the period. Datadog accounts for about 1.8% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 14th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Datadog were worth $3,072,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in Datadog by 13.1% during the 4th quarter. QRG Capital Management Inc. now owns 21,483 shares of the company’s stock valued at $3,070,000 after purchasing an additional 2,495 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Datadog in the fourth quarter valued at $14,884,000. Oppenheimer & Co. Inc. boosted its stake in Datadog by 1.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,734 shares of the company’s stock valued at $1,962,000 after buying an additional 178 shares in the last quarter. Kovack Advisors Inc. grew its holdings in Datadog by 2.1% during the fourth quarter. Kovack Advisors Inc. now owns 4,899 shares of the company’s stock worth $700,000 after acquiring an additional 100 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in Datadog by 1.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 106,500 shares of the company’s stock worth $15,218,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $113.53 on Friday. The company has a market capitalization of $38.57 billion, a P/E ratio of 222.61, a P/E/G ratio of 44.03 and a beta of 1.15. The stock’s 50 day moving average price is $139.17 and its 200 day moving average price is $131.71. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DDOG shares. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of Datadog in a research report on Friday, February 14th. Royal Bank of Canada raised their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Scotiabank reduced their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Finally, Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were 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 directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This trade represents a 28.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock worth $82,904,025 over the last three months. 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.