29,471 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Thrivent Financial for Lutherans

Posted by Defense World Staff on May 19th, 2023

Thrivent Financial for Lutherans acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,471 shares of the company’s stock, valued at approximately $2,167,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. CI Investments Inc. increased its stake in Datadog by 1,003.2% during the third quarter. CI Investments Inc. now owns 342 shares of the company’s stock valued at $30,000 after acquiring an additional 311 shares during the period. Guardian Wealth Advisors LLC bought a new position in Datadog during the third quarter valued at about $35,000. Sonnipe Ltd bought a new position in Datadog during the fourth quarter valued at about $39,000. Ellevest Inc. increased its stake in Datadog by 69.6% during the third quarter. Ellevest Inc. now owns 570 shares of the company’s stock valued at $51,000 after acquiring an additional 234 shares during the period. Finally, CENTRAL TRUST Co increased its stake in Datadog by 1,036.4% during the third quarter. CENTRAL TRUST Co now owns 625 shares of the company’s stock valued at $55,000 after acquiring an additional 570 shares during the period. 70.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DDOG shares. Robert W. Baird lowered their price objective on Datadog from $100.00 to $80.00 in a research note on Tuesday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price objective on shares of Datadog in a research note on Friday, March 31st. Canaccord Genuity Group decreased their price target on Datadog from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. Cantor Fitzgerald initiated coverage on Datadog in a research report on Wednesday, January 25th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Capital One Financial initiated coverage on Datadog in a research report on Friday, February 17th. They set an “overweight” rating and a $105.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.28.

Datadog Stock Performance

DDOG stock opened at $94.54 on Friday. The business’s fifty day moving average is $71.15 and its 200-day moving average is $73.84. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.49. The company has a market cap of $30.43 billion, a P/E ratio of -350.14 and a beta of 0.97. Datadog, Inc. has a twelve month low of $61.34 and a twelve month high of $120.75.

Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $481.71 million for the quarter, compared to analyst estimates of $468.29 million. Datadog had a negative return on equity of 4.86% and a negative net margin of 4.68%. Equities research analysts forecast that Datadog, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Kerry Acocella sold 1,349 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $80.47, for a total transaction of $108,554.03. Following the sale, the general counsel now owns 73,745 shares of the company’s stock, valued at approximately $5,934,260.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $65.30, for a total transaction of $5,592,096.10. Following the completion of the transaction, the chief executive officer now owns 268,131 shares in the company, valued at approximately $17,508,954.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 1,349 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $80.47, for a total value of $108,554.03. Following the transaction, the general counsel now owns 73,745 shares of the company’s stock, valued at approximately $5,934,260.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 715,389 shares of company stock valued at $52,930,830. 14.97% of the stock is owned by company insiders.

About Datadog

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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 its customers technology stack.