OV Management LLC Purchases 297 Shares of Datadog, Inc. (NASDAQ:DDOG)

OV Management LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 6.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,284 shares of the company’s stock after purchasing an additional 297 shares during the period. OV Management LLC’s holdings in Datadog were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDOG. Proficio Capital Partners LLC acquired a new stake in Datadog in the fourth quarter worth about $14,884,000. ARK Investment Management LLC raised its stake in shares of Datadog by 62.7% during the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after buying an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after buying an additional 30,998 shares during the period. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after buying an additional 1,484,562 shares during the period. Finally, Atom Investors LP acquired a new stake in Datadog during the 3rd quarter worth $1,112,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, Director Shardul Shah sold 7,916 shares of Datadog 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 owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock worth $75,444,584 in the last ninety days. 11.78% of the stock is owned by company insiders.

Datadog Price Performance

Shares of DDOG opened at $99.21 on Tuesday. The company’s 50-day moving average is $123.01 and its 200-day moving average is $130.88. The firm has a market capitalization of $34.01 billion, a PE ratio of 194.53, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a fifty-two week low of $96.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DDOG. Royal Bank of Canada raised 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. DA Davidson boosted their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group decreased their price target on shares of Datadog from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday. Finally, Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.22.

Datadog Company 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.