1,423 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,423 shares of the company’s stock, valued at approximately $203,000.

Several other large investors also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new position in Datadog in the 3rd quarter worth $33,000. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

NASDAQ:DDOG opened at $109.63 on Friday. The firm has a market capitalization of $37.58 billion, a PE ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The business’s fifty day moving average price is $135.05 and its 200 day moving average price is $131.76. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

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

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research analyst reports. Loop Capital raised their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Mizuho boosted their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Datadog in a research note on Tuesday, March 4th. Barclays lowered their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Finally, TD Cowen reiterated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.70.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 589,353 shares of company stock worth $86,544,020. Company 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.