Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 30.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 404,105 shares of the company’s stock after purchasing an additional 93,171 shares during the period. Federated Hermes Inc. owned approximately 0.12% of Datadog worth $49,050,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,985,810 shares of the company’s stock worth $733,957,000 after purchasing an additional 929,566 shares during the period. Sands Capital Management LLC increased its holdings in shares of Datadog by 12.5% during the 2nd quarter. Sands Capital Management LLC now owns 4,554,589 shares of the company’s stock valued at $448,080,000 after purchasing an additional 505,196 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Datadog by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 3,610,972 shares of the company’s stock valued at $262,001,000 after purchasing an additional 111,651 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Datadog in the 4th quarter valued at $202,877,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, COO Adam Blitzer sold 20,892 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the transaction, the chief operating officer now owns 203,503 shares in the company, valued at $26,166,415.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now owns 247,328 shares in the company, valued at approximately $33,414,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam Blitzer sold 20,892 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,686,293.36. Following the transaction, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,984 shares of company stock valued at $95,917,681. 14.97% of the stock is currently owned by corporate insiders.

Datadog Stock Down 3.9 %

Datadog stock opened at $120.09 on Friday. The company has a market capitalization of $39.85 billion, a PE ratio of 1,000.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The firm has a 50 day moving average price of $125.89 and a 200 day moving average price of $115.75.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. Research analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

DDOG has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Citigroup increased their price target on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Mizuho boosted their price objective on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their target price on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $130.52.

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.