Datadog, Inc. (NASDAQ:DDOG) Stake Lessened by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,685 shares of the company’s stock after selling 10,770 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Datadog were worth $30,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Congress Wealth Management LLC DE bought a new stake in Datadog in the fourth quarter worth about $315,000. Emerald Advisers LLC raised its position in shares of Datadog by 138.1% during the fourth quarter. Emerald Advisers LLC now owns 9,203 shares of the company’s stock worth $1,315,000 after purchasing an additional 5,338 shares during the period. Vanguard Group Inc. grew its holdings in shares of Datadog by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock valued at $4,337,316,000 after buying an additional 220,527 shares in the last quarter. LPL Financial LLC raised its position in Datadog by 34.4% during the fourth quarter. LPL Financial LLC now owns 152,243 shares of the company’s stock valued at $21,754,000 after buying an additional 38,937 shares during the period. Finally, Fortis Capital Management LLC acquired a new stake in Datadog during the 4th quarter worth about $208,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

DDOG opened at $105.03 on Monday. The firm’s fifty day moving average is $126.97 and its two-hundred day moving average is $131.01. The firm has a market cap of $36.00 billion, a PE ratio of 205.95, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a twelve month low of $98.30 and a twelve 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%. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Truist Financial reduced their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Barclays cut their price objective 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. Citigroup lowered their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now directly owns 371,865 shares in the company, valued at $37,986,009.75. This represents a 25.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 626,412 shares of company stock worth $79,144,334. Corporate 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.