GeoWealth Management LLC Has $359,000 Position in Datadog, Inc. (NASDAQ:DDOG)

GeoWealth Management LLC decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,510 shares of the company’s stock after selling 289 shares during the period. GeoWealth Management LLC’s holdings in Datadog were worth $359,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Groupama Asset Managment increased its position in shares of Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares in the last quarter. Norges Bank acquired a new position in Datadog during the 4th quarter valued at about $462,910,000. Jennison Associates LLC increased its holdings in Datadog by 47.9% during the 4th 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. Baillie Gifford & Co. increased its holdings in Datadog by 15.8% during the 4th 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. Finally, William Blair Investment Management LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $173,163,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several analyst reports. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Rosenblatt Securities lifted their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Barclays reduced their target price on shares of Datadog from $180.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial cut their price target on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

Datadog Trading Down 2.5 %

DDOG stock opened at $88.92 on Tuesday. The firm has a 50 day moving average of $105.57 and a 200-day moving average of $128.11. The firm has a market capitalization of $30.48 billion, a P/E ratio of 174.36, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 12 month low of $81.63 and a 12 month 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%. Sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the completion of the transaction, the director now directly owns 195,667 shares in the company, valued at approximately $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now owns 379,693 shares in the company, valued at $53,103,862.98. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 548,756 shares of company stock valued at $62,219,250. 11.78% of the stock is owned by corporate insiders.

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.