VisionPoint Advisory Group LLC Sells 258 Shares of Datadog, Inc. (NASDAQ:DDOG)

VisionPoint Advisory Group LLC lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,718 shares of the company’s stock after selling 258 shares during the period. VisionPoint Advisory Group LLC’s holdings in Datadog were worth $1,539,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings 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 valued at $1,325,826,000 after acquiring an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. grew its holdings 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 acquiring an additional 1,484,562 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Datadog in the 3rd quarter valued at about $52,561,000. Finally, Eagle Asset Management Inc. grew its holdings in shares of Datadog by 72.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after acquiring an additional 384,121 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut 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 report on Wednesday, January 29th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Loop Capital lifted their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, 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 report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.39.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the transaction, the director now owns 195,667 shares of the company’s stock, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last three months. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.9 %

NASDAQ DDOG opened at $126.38 on Friday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a 50 day moving average of $142.85 and a 200-day moving average of $131.47. The company has a market cap of $42.93 billion, a price-to-earnings ratio of 247.81, a PEG ratio of 44.94 and a beta of 1.15.

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

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.