Vanguard Group Inc. Buys 220,527 Shares of Datadog, Inc. (NASDAQ:DDOG)

Vanguard Group Inc. raised its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,354,229 shares of the company’s stock after purchasing an additional 220,527 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Datadog worth $4,337,316,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Jennison Associates LLC increased its stake in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after acquiring an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after acquiring an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 4.9 %

Shares of NASDAQ DDOG opened at $110.17 on Tuesday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The firm has a market cap of $37.76 billion, a PE ratio of 216.02, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The business has a fifty day simple moving average of $126.41 and a two-hundred day simple moving average of $131.01.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share 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, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DDOG. Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Royal Bank of Canada lifted their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Finally, Truist Financial dropped their target price on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now owns 195,667 shares in the company, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 626,412 shares of company stock worth $79,144,334. Corporate insiders own 11.78% of the company’s stock.

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.