Keybank National Association OH Acquires 1,967 Shares of Datadog, Inc. (NASDAQ:DDOG)

Keybank National Association OH raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,756 shares of the company’s stock after purchasing an additional 1,967 shares during the period. Keybank National Association OH’s holdings in Datadog were worth $1,394,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Baillie Gifford & Co. increased its position in shares of Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares in the last quarter. Jennison Associates LLC increased its position in shares of Datadog by 47.9% during the fourth 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after purchasing an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Datadog by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares in the last quarter. Finally, Holocene Advisors LP increased its position in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Loop Capital boosted their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Morgan Stanley reissued an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. TD Cowen reissued a “buy” rating and set a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Performance

Shares of Datadog stock opened at $109.63 on Friday. The firm has a 50-day simple moving average of $135.05 and a two-hundred day simple moving average of $131.66. The company has a market cap of $37.58 billion, a P/E ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results 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%. Equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares in the company, valued at $67,642,580.25. This represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the transaction, the director now owns 82,324 shares of the company’s stock, valued at approximately $9,402,224.04. This trade represents a 23.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 589,353 shares of company stock worth $86,544,020 in the last 90 days. Insiders own 11.78% of the company’s stock.

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.