Quintet Private Bank Europe S.A. Decreases Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Quintet Private Bank Europe S.A. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 81.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 300 shares of the company’s stock after selling 1,332 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Datadog were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted 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 buying an additional 1,484,562 shares in the last quarter. Jennison Associates LLC boosted its holdings in Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after buying an additional 3,005,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after buying an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Datadog by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after buying an additional 46,746 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $113.17 on Tuesday. 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 $38.45 billion, a price-to-earnings ratio of 221.91, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. The company’s fifty day moving average price is $137.83 and its two-hundred day moving average price is $131.97.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 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, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 556,674 shares of company stock valued at $82,904,025. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DDOG. Scotiabank reduced their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Cantor Fitzgerald began coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Citigroup reduced their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Jefferies Financial Group upped their price target on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, DA Davidson upped their price target on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Datadog Company 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.