Twin Capital Management Inc. Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Twin Capital Management Inc. bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 14,469 shares of the company’s stock, valued at approximately $1,756,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $25,000. BluePath Capital Management LLC acquired a new stake in Datadog in the 3rd quarter valued at approximately $31,000. Private Trust Co. NA increased its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the last quarter. AM Squared Ltd acquired a new stake in Datadog in the 3rd quarter valued at approximately $36,000. Finally, KB Financial Partners LLC acquired a new stake in Datadog in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 70,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $33,223,809.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Datadog news, CFO David M. Obstler sold 70,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total value of $8,451,100.00. Following the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at $33,223,809.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,984 shares of company stock worth $95,917,681. 14.97% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research reports. Barclays lifted their target price on shares of Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Truist Financial raised their price target on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada raised their price target on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Mizuho raised their price target on shares of Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.52.

Datadog Trading Up 1.2 %

Shares of Datadog stock opened at $125.02 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company’s 50-day simple moving average is $126.18 and its 200-day simple moving average is $115.55. Datadog, Inc. has a 52-week low of $62.60 and a 52-week high of $138.61. The firm has a market cap of $41.49 billion, a price-to-earnings ratio of 1,041.83 and a beta of 1.15.

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