Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,905,133 shares of the company’s stock after acquiring an additional 1,484,562 shares during the quarter. Datadog accounts for 1.2% of Baillie Gifford & Co.’s holdings, making the stock its 23rd biggest position. Baillie Gifford & Co. owned approximately 3.21% of Datadog worth $1,558,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC grew its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC grew its position in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. grew its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog during the third quarter valued at $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $131.01 on Monday. The company’s 50 day simple moving average is $145.10 and its 200-day simple moving average is $131.13. The company has a market capitalization of $44.51 billion, a price-to-earnings ratio of 247.19, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. Equities analysts expect that Datadog, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on DDOG shares. Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. 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 price target on the stock. Robert W. Baird lifted their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Datadog in a research report on Friday. Finally, Citigroup dropped their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.39.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of Datadog stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the completion of the transaction, the executive now owns 179,367 shares of the company’s stock, valued at $24,214,545. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 627,586 shares of company stock valued at $92,540,479. Company 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.