Los Angeles Capital Management LLC Reduces Holdings in Datadog, Inc. (NASDAQ:DDOG)

Los Angeles Capital Management LLC trimmed its stake in Datadog, Inc. (NASDAQ:DDOG) by 78.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,389 shares of the company’s stock after selling 30,452 shares during the period. Los Angeles Capital Management LLC’s holdings in Datadog were worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. Jennison Associates LLC lifted its position in shares of 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 purchasing an additional 3,005,300 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Datadog by 15.8% during 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 in the last quarter. Holocene Advisors LP boosted its holdings in shares of Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Datadog during the 3rd quarter valued at $52,561,000. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after buying an additional 384,121 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at $10,866,514.32. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 in the last quarter. Company insiders own 11.78% of the company’s stock.

Datadog Stock Up 2.7 %

Shares of NASDAQ:DDOG opened at $116.57 on Friday. The firm’s 50 day moving average price is $138.51 and its 200-day moving average price is $131.86. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a market capitalization of $39.60 billion, a PE ratio of 228.57, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued 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 return on equity of 8.28% and a net margin of 6.85%. Analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of a number of research reports. Macquarie restated 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 research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Loop Capital increased their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Barclays cut their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One investment 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.