Blair William & Co. IL Buys 7,415 Shares of Datadog, Inc. (NASDAQ:DDOG)

Blair William & Co. IL boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,193 shares of the company’s stock after acquiring an additional 7,415 shares during the period. Blair William & Co. IL’s holdings in Datadog were worth $5,600,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 purchasing an additional 220,527 shares during the period. Baillie Gifford & Co. increased its holdings in 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 period. Jennison Associates LLC raised its stake 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 buying an additional 3,005,300 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after acquiring an additional 125,457 shares during the period. Finally, Holocene Advisors LP boosted its position 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 acquiring an additional 1,097,815 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of analyst reports. Loop Capital raised their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and cut their target price for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Royal Bank of Canada upped their price target on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Guggenheim restated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. One equities research 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 issued a strong buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the sale, the director now directly owns 195,667 shares in the company, valued at $27,612,527.04. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This represents a 25.47 % 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. Insiders own 11.78% of the company’s stock.

Datadog Trading Down 3.6 %

Datadog stock opened at $101.10 on Monday. The company has a market cap of $34.65 billion, a PE ratio of 198.24, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The company’s 50-day moving average is $123.79 and its two-hundred day moving average is $130.95.

Datadog (NASDAQ:DDOG) last announced 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 net margin of 6.85% and a return on equity of 8.28%. Research analysts forecast that Datadog, Inc. will post 0.34 EPS 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.