Knights of Columbus Asset Advisors LLC Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,743 shares of the company’s stock, valued at approximately $821,000.

A number of other large investors also recently modified their holdings of DDOG. Jennison Associates LLC increased its holdings in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Baillie Gifford & Co. grew its holdings in Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. William Blair Investment Management LLC acquired a new position in Datadog during the fourth quarter worth about $173,163,000. Holocene Advisors LP grew its holdings in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after acquiring an additional 1,097,815 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in Datadog during the third quarter worth about $52,561,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DDOG. Macquarie reaffirmed an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Cantor Fitzgerald began coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Stifel Nicolaus lowered Datadog from a “buy” rating to a “hold” rating and lowered their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. DA Davidson lifted their price target on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of Datadog in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $105.03 on Friday. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 205.95, a PEG ratio of 44.03 and a beta of 1.22. The business has a 50 day simple moving average of $126.97 and a 200 day simple moving average of $130.85. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS 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 predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock valued at $79,144,334 over the last 90 days. 11.78% of the stock is currently owned by company insiders.

Datadog 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.