Voya Investment Management LLC Has $637.27 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Voya Investment Management LLC trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 85.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,460,228 shares of the company’s stock after selling 26,796,958 shares during the period. Datadog makes up about 0.7% of Voya Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Voya Investment Management LLC’s holdings in Datadog were worth $637,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Kieckhefer Group LLC bought a new position in Datadog during the 4th quarter valued at about $43,000. Finally, Summit Securities Group LLC acquired a new position in Datadog in the fourth quarter valued at about $43,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $94.58 on Thursday. The stock has a market cap of $32.42 billion, a P/E ratio of 185.45, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The firm has a 50 day moving average price of $103.95 and a two-hundred day moving average price of $127.63. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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%. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,756 shares of company stock valued at $58,732,500. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup reduced their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays cut their price objective on shares of Datadog from $180.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday. Macquarie reissued an “outperform” rating and issued a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Rosenblatt Securities lifted their price objective on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.33.

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.