Lincoln National Corp Grows Position in Datadog, Inc. (NASDAQ:DDOG)

Lincoln National Corp lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,345 shares of the company’s stock after purchasing an additional 1,231 shares during the period. Lincoln National Corp’s holdings in Datadog were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Datadog by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after buying an additional 1,191,742 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Datadog by 11.7% during the third quarter. Artisan Partners Limited Partnership now owns 2,330,404 shares of the company’s stock worth $212,276,000 after acquiring an additional 244,567 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Datadog during the third quarter valued at $189,668,000. Northern Trust Corp grew its position in shares of Datadog by 8.4% in the third quarter. Northern Trust Corp now owns 1,688,422 shares of the company’s stock valued at $153,798,000 after purchasing an additional 131,464 shares during the period. Finally, Alkeon Capital Management LLC purchased a new stake in shares of Datadog during the third quarter worth about $127,526,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,897,694.50. The disclosure for this sale can be found here. Insiders sold a total of 712,530 shares of company stock worth $91,195,791 over the last 90 days. 11.78% of the stock is owned by insiders.

Datadog Stock Down 1.2 %

Shares of Datadog stock opened at $115.87 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. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a market capitalization of $38.45 billion, a P/E ratio of 965.58 and a beta of 1.14. The company has a 50 day moving average of $124.30 and a 200 day moving average of $119.14.

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

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research reports. BMO Capital Markets decreased their price target on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Truist Financial lifted their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research note on Wednesday, April 17th. Robert W. Baird raised shares of Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Wednesday. Finally, Citigroup raised their price target on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.58.

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.