Keystone Investors PTE Ltd. Grows Holdings in Datadog, Inc. (NASDAQ:DDOG)

Keystone Investors PTE Ltd. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 171,378 shares of the company’s stock after buying an additional 17,244 shares during the quarter. Datadog comprises 1.7% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 20th biggest holding. Keystone Investors PTE Ltd.’s holdings in Datadog were worth $24,488,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DDOG. True Wealth Design LLC increased its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC grew its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Quarry LP purchased a new stake in Datadog in the third quarter worth about $33,000. Finally, Kieckhefer Group LLC bought a new position in shares of Datadog during the fourth quarter valued at approximately $43,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Rosenblatt Securities boosted their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Performance

Datadog stock opened at $110.17 on Tuesday. The firm has a market cap of $37.76 billion, a P/E ratio of 216.02, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The business’s fifty day moving average is $126.41 and its two-hundred day moving average is $131.01.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the transaction, the executive now owns 185,871 shares of the company’s stock, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was 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 $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock worth $79,144,334 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.