River Global Investors LLP Sells 2,635 Shares of Datadog, Inc. (NASDAQ:DDOG)

River Global Investors LLP lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 40.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,913 shares of the company’s stock after selling 2,635 shares during the quarter. River Global Investors LLP’s holdings in Datadog were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DDOG. Baillie Gifford & Co. boosted its stake in shares of 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 purchasing an additional 1,484,562 shares during the last quarter. Jennison Associates LLC boosted 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 purchasing an additional 3,005,300 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Datadog by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after purchasing an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after purchasing an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DDOG shares. Rosenblatt Securities raised their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Cantor Fitzgerald started coverage on shares of Datadog in a research note on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective on the stock. Jefferies Financial Group lifted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Guggenheim reissued 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 issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 25,000 shares of the 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 transaction, the director now directly owns 82,324 shares in the company, valued at $9,402,224.04. The trade was a 23.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 589,353 shares of company stock worth $86,544,020. Insiders own 11.78% of the company’s stock.

Datadog Stock Down 1.6 %

NASDAQ DDOG opened at $109.63 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company has a market capitalization of $37.58 billion, a PE ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The firm’s 50 day moving average is $135.05 and its 200-day moving average is $131.76.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

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.