FUKOKU MUTUAL LIFE INSURANCE Co Has $310,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 51.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,167 shares of the company’s stock after selling 2,297 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Datadog were worth $310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DDOG. Mn Services Vermogensbeheer B.V. boosted its position in Datadog by 1.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 106,500 shares of the company’s stock valued at $15,218,000 after buying an additional 1,700 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Datadog in the 4th quarter worth approximately $286,000. K.J. Harrison & Partners Inc bought a new stake in Datadog during the 4th quarter worth approximately $863,000. Nwam LLC bought a new position in Datadog in the 4th quarter valued at $283,000. Finally, NewEdge Wealth LLC increased its stake in shares of Datadog by 18.9% in the fourth quarter. NewEdge Wealth LLC now owns 11,451 shares of the company’s stock valued at $1,636,000 after buying an additional 1,821 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. Mizuho raised 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 dropped their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Cantor Fitzgerald assumed coverage on shares of Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $113.37 on Thursday. The company’s 50-day moving average price is $139.84 and its two-hundred day moving average price is $131.84. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The stock has a market capitalization of $38.51 billion, a PE ratio of 222.30, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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%. On average, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction on 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 approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 556,674 shares of company stock worth $82,904,025. 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.