EFG Asset Management North America Corp. Has $4.12 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

EFG Asset Management North America Corp. increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 28,871 shares of the company’s stock after purchasing an additional 1,105 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Datadog were worth $4,124,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE bought a new position in shares of Datadog in the 4th quarter valued at about $315,000. Emerald Advisers LLC boosted its stake in Datadog by 138.1% in the fourth quarter. Emerald Advisers LLC now owns 9,203 shares of the company’s stock valued at $1,315,000 after acquiring an additional 5,338 shares during the last quarter. Vanguard Group Inc. grew its holdings in Datadog by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock worth $4,337,316,000 after acquiring an additional 220,527 shares during the period. LPL Financial LLC raised its position in shares of Datadog by 34.4% during the 4th quarter. LPL Financial LLC now owns 152,243 shares of the company’s stock valued at $21,754,000 after acquiring an additional 38,937 shares during the last quarter. Finally, Fortis Capital Management LLC bought a new position in shares of Datadog in the 4th quarter worth $208,000. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Truist Financial cut their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Mizuho upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup reduced their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now owns 195,667 shares in the company, valued at $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog 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 owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 626,412 shares of company stock worth $79,144,334. Insiders own 11.78% of the company’s stock.

Datadog Stock Up 4.9 %

NASDAQ:DDOG opened at $110.17 on Tuesday. The firm has a market capitalization of $37.76 billion, a price-to-earnings ratio of 216.02, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The stock’s 50 day moving average price is $126.41 and its two-hundred day moving average price is $131.01.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results 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 return on equity of 8.28% and a net margin of 6.85%. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.