According to the most recent statement that Great West Life Assurance Co., Canada, submitted to the Securities and Exchange Commission (SEC), the company increased its holdings in Datadog, Inc. (NASDAQ: DDOG) during the third quarter of the year. The fund’s acquisition of 180,609 shares of the corporation’s stock required an investment of approximately $16,007,000 in total. Great West Life Assurance Company of Canada had a 0.06% stake in Datadog as of the most recent report that the company filed with the Securities and Exchange Commission (SEC).
Additionally, the interests that several other institutional investors currently hold in the company have been adjusted due to recent transactions involving those investors. During the third quarter of this year, there was a 29.5% increase in the value of the shares of Datadog that Jennison Associates LLC owned. After purchasing an additional 72,914 shares throughout the relevant period, Jennison Associates LLC now holds a total of 320,328 shares of the company’s stock, each worth $28,439,000. This brings the total value of Jennison Associates LLC’s stock holdings to $28,439,000. The amount of Datadog stock owned by Financial Counselors Inc. increased by 13.9% during the third quarter due to the company’s continued investment. Following the acquisition of a further 3,555 shares during the period in question, Financial Counselors, Inc. now possesses a total of 29,163 shares of the company’s stock, which can be approximated to be worth approximately $2,589,000 at present. In the third quarter, Assetmark Inc. increased the amount of Datadog stock owned by 6.2%, bringing the total to 100%. As a result of the successful completion of the transaction, Assetmark Inc. now possesses 251 additional shares, bringing its total number to 4,273. This represents a value of the company’s stock of $379,000.
During the third quarter, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased the amount of Datadog stock owned by 7.7 percent to bring its total ownership percentage to 100 percent. After making an additional purchase of 12,635 shares of the company’s stock during the most recent period, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now has a total of 177,138 shares of the company’s stock, which is currently valued at $15,726,000. This was accomplished as a result of the company’s most recent period. In addition, during the third quarter, the State of New Jersey Common Pension Fund D made a 6.3% increase in the amount of Datadog shares it owned as a percentage of its total holdings. The State of New Jersey Common Pension Fund D now holds 142,893 shares of the company’s stock after purchasing an additional 8,464 shares during the most recent period. The stock is currently valued at $12,686,000, and the fund has a total investment of $12,686,000. On Wednesday, the company’s stock started trading for $73.06 per share, and institutional investors currently hold 70.93% of those shares in their portfolios. The stock has been trading at $73.69 on average over the previous 50 days, while over the previous 200 days, it has been trading at $87.60. Datadog, Inc. hit a low point over the past 52 weeks of $61.34, while the company reached a high point over the past 52 weeks of $184.70. There is a debt-to-equity ratio of 0.57, as well as quick ratios of 3.23, current ratios of 3.23, and quick ratios of 3.23. Both the company’s beta, which stands at 1.02, and its earnings-to-price ratio, which stands at -1,461.20, are negative. The current value of its market capitalization is estimated to be $23.2 billion.
On November 3rd, the most recent earnings report for Datadog, which is publicly traded and can be found under the NASDAQ: DDOG, was made available to the public. The company reported earnings per share for the period of $0.06, which was $0.02 better than the average estimate for the period of $0.08 for earnings per share. Even though market analysts predicted that the company would bring in revenue of $412.15 million during the quarter, it brought in revenue