Ossiam Purchases 7,237 Shares of Datadog, Inc. (NASDAQ:DDOG)

Ossiam lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 6.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,412 shares of the company’s stock after purchasing an additional 7,237 shares during the period. Ossiam’s holdings in Datadog were worth $16,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Groupama Asset Managment raised its position in Datadog by 407.6% in the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the period. Norges Bank bought a new position in Datadog in the 4th quarter worth $462,910,000. Jennison Associates LLC lifted its position in 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 in the last quarter. 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 valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. Finally, William Blair Investment Management LLC purchased a new stake in Datadog in the fourth quarter worth about $173,163,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DDOG. Scotiabank cut their price objective on Datadog from $155.00 to $125.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Macquarie reiterated an “outperform” rating and issued a $200.00 price target on shares of Datadog in a research report on Tuesday, February 11th. UBS Group lowered their target price on shares of Datadog from $164.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Finally, Morgan Stanley dropped their price objective on Datadog from $143.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.37.

Datadog Stock Down 0.9 %

DDOG opened at $91.06 on Friday. The business has a fifty day moving average of $106.75 and a 200 day moving average of $128.19. The stock has a market cap of $31.21 billion, a P/E ratio of 178.54, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its 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 6.85% and a return on equity of 8.28%. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 548,756 shares of company stock worth $62,219,250. Company insiders own 11.78% of the company’s stock.

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.