130,081 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Linden Advisors LP

Linden Advisors LP acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 130,081 shares of the company’s stock, valued at approximately $18,587,000.

A number of other institutional investors have also recently bought and sold shares of DDOG. Proficio Capital Partners LLC bought a new position in Datadog during the 4th quarter worth approximately $14,884,000. ARK Investment Management LLC increased its position in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after buying an additional 49,050 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock worth $7,590,000 after buying an additional 30,998 shares during the period. Baillie Gifford & Co. lifted its holdings in 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 acquiring an additional 1,484,562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company’s stock valued at $10,358,000 after acquiring an additional 2,451 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Rosenblatt Securities dropped their price target on Datadog from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus set a $120.00 target price on shares of Datadog in a report on Tuesday, May 6th. DA Davidson upped their price target on shares of Datadog from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, May 5th. Macquarie lowered their price objective on shares of Datadog from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Finally, Wolfe Research cut shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $141.54.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $107.88 on Monday. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a market capitalization of $36.98 billion, a P/E ratio of 211.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. The company has a 50-day simple moving average of $100.20 and a 200 day simple moving average of $125.85.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the completion of the sale, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. This trade represents a 23.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 107,365 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the completion of the transaction, the chief executive officer now owns 435,793 shares in the company, valued at approximately $47,745,481.08. This trade represents a 19.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 559,867 shares of company stock worth $57,550,902 over the last ninety days. Insiders own 11.78% of the company’s stock.

About Datadog

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.