Amalgamated Bank Acquires 296 Shares of Datadog, Inc. (NASDAQ:DDOG)

Amalgamated Bank increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,223 shares of the company’s stock after acquiring an additional 296 shares during the period. Amalgamated Bank’s holdings in Datadog were worth $2,890,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Artemis Wealth Advisors LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $1,286,000. Y Intercept Hong Kong Ltd grew its stake in shares of Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock worth $7,590,000 after acquiring an additional 30,998 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Datadog by 2.1% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,411 shares of the company’s stock valued at $8,918,000 after acquiring an additional 1,300 shares in the last quarter. Howard Capital Management Inc. raised its position in shares of Datadog by 3.1% in the 4th quarter. Howard Capital Management Inc. now owns 6,727 shares of the company’s stock worth $961,000 after purchasing an additional 202 shares during the last quarter. Finally, Valliance Asset Management Ltd bought a new position in Datadog in the 4th quarter worth about $3,572,000. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 2.7 %

NASDAQ DDOG opened at $116.57 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a market cap of $39.60 billion, a price-to-earnings ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15. The company’s 50 day moving average is $138.51 and its two-hundred day moving average is $131.86.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 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%. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. Rosenblatt Securities raised their price objective on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Mizuho boosted their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In other news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

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.