B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Datadog, Inc. (NASDAQ:DDOG)

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,178 shares of the company’s stock after purchasing an additional 781 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Datadog were worth $1,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DDOG. Proficio Capital Partners LLC purchased a new stake in Datadog during the fourth quarter worth approximately $14,884,000. ARK Investment Management LLC lifted its position in shares of Datadog by 62.7% during the 4th 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 boosted its holdings in shares of Datadog by 140.1% in the 4th 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 in the last quarter. Baillie Gifford & Co. grew its position in shares of Datadog by 15.8% in the 4th 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 last quarter. Finally, Atom Investors LP acquired a new stake in Datadog during the 3rd quarter worth $1,112,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on DDOG shares. DA Davidson upped their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Macquarie restated an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Barclays reduced their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.22.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their position. 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 firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock worth $75,444,584 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Up 0.6 %

DDOG stock opened at $101.71 on Thursday. The company has a market cap of $34.86 billion, a price-to-earnings ratio of 199.44, a PEG ratio of 44.03 and a beta of 1.22. The firm has a 50 day moving average of $121.49 and a 200-day moving average of $130.62. Datadog, Inc. has a 12-month low of $96.63 and a 12-month 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%. Sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.