Strategic Vision Investment Ltd Takes $3.18 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Strategic Vision Investment Ltd purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,228 shares of the company’s stock, valued at approximately $3,184,000. Datadog comprises approximately 2.9% of Strategic Vision Investment Ltd’s holdings, making the stock its 6th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in DDOG. PNC Financial Services Group Inc. increased its stake in Datadog by 25.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after buying an additional 558 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Datadog in the first quarter valued at about $2,494,000. Yousif Capital Management LLC increased its stake in shares of Datadog by 9.3% during the first quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after acquiring an additional 310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Datadog by 11.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after buying an additional 14,658 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Datadog by 20.0% in the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock valued at $1,567,000 after buying an additional 1,725 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.73, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Datadog news, CFO David M. Obstler sold 70,000 shares of Datadog stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following 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 filing with the SEC, which is available at this link. Also, insider Madre Armelle De sold 600 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 745,984 shares of company stock valued at $95,917,681. 14.97% of the stock is currently owned by company insiders.

Datadog Trading Down 1.2 %

Shares of NASDAQ DDOG traded down $1.49 on Wednesday, reaching $125.46. 1,269,102 shares of the company traded hands, compared to its average volume of 4,052,953. The company has a 50 day moving average of $126.45 and a 200 day moving average of $115.43. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The stock has a market capitalization of $41.64 billion, a PE ratio of 1,057.92 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. On average, equities research analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DDOG. Mizuho increased their price objective on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $145.00 price objective (up previously from $115.00) on shares of Datadog in a report on Monday, February 12th. Needham & Company LLC increased their target price on shares of Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Finally, Royal Bank of Canada upped their price target on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $130.33.

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.