KBC Group NV grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 22.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,781 shares of the company’s stock after buying an additional 16,681 shares during the period. KBC Group NV’s holdings in Datadog were worth $7,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group bought a new stake in shares of Datadog during the fourth quarter valued at approximately $234,000. Perigon Wealth Management LLC bought a new stake in Datadog in the fourth quarter worth $26,000. Freedman Financial Associates Inc. bought a new stake in Datadog in the fourth quarter worth $30,000. Sowell Financial Services LLC increased its position in Datadog by 73.1% in the fourth quarter. Sowell Financial Services LLC now owns 393 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the last quarter. Finally, Hexagon Capital Partners LLC bought a new stake in Datadog in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 45.72% of the company’s stock.

DDOG has been the topic of several research reports. Jefferies Financial Group upgraded shares of Datadog from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $125.00 in a research report on Monday, January 11th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Thursday, April 1st. Credit Suisse Group boosted their price target on shares of Datadog from $80.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, January 15th. Royal Bank of Canada cut their price objective on shares of Datadog from $120.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Mizuho cut their price objective on shares of Datadog from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, April 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. Datadog presently has an average rating of “Hold” and an average price target of $108.42.

NASDAQ:DDOG opened at $80.17 on Tuesday. Datadog, Inc. has a 1-year low of $43.81 and a 1-year high of $119.43. The company has a 50-day moving average of $86.54 and a 200 day moving average of $96.23. The firm has a market cap of $24.57 billion, a PE ratio of -2,671.44 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 6.49 and a quick ratio of 6.49.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 11th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.08. Datadog had a negative net margin of 1.39% and a positive return on equity of 0.38%. The company had revenue of $177.53 million during the quarter, compared to analyst estimates of $163.30 million. Sell-side analysts anticipate that Datadog, Inc. will post -0.02 EPS for the current fiscal year.

In related news, insider Amit Agarwal sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $115.53, for a total value of $866,475.00. Following the completion of the sale, the insider now directly owns 141,762 shares of the company’s stock, valued at $16,377,763.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexis Le-Quoc sold 352,050 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $83.22, for a total transaction of $29,297,601.00. Following the completion of the transaction, the insider now owns 117,262 shares of the company’s stock, valued at $9,758,543.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,148,525 shares of company stock valued at $102,945,682. 26.06% of the stock is owned by insiders.

About Datadog

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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