Chiron Investment Management LLC Purchases Shares of 7,052 Datadog, Inc. (NASDAQ:DDOG)

Chiron Investment Management LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,052 shares of the company’s stock, valued at approximately $1,008,000.

Several other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new stake in Datadog during the fourth quarter valued at approximately $14,884,000. ARK Investment Management LLC grew its position in Datadog by 62.7% in the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after acquiring an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd grew its position in Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after acquiring an additional 30,998 shares during the period. Baillie Gifford & Co. raised its stake 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 acquiring an additional 1,484,562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Datadog by 3.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company’s stock valued at $10,358,000 after purchasing an additional 2,451 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. Loop Capital boosted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Cantor Fitzgerald initiated coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price target for the company. DA Davidson boosted their price objective on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $135.00 price objective (down previously from $150.00) on shares of Datadog in a research report on Monday, April 7th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.67.

Datadog Stock Performance

NASDAQ DDOG opened at $92.02 on Monday. The stock has a market cap of $31.54 billion, a price-to-earnings ratio of 180.43, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The business has a 50 day simple moving average of $112.08 and a 200 day simple moving average of $129.18.

Datadog (NASDAQ:DDOG) last announced 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 return on equity of 8.28% and a net margin of 6.85%. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the transaction, the chief executive officer now owns 563,598 shares of the company’s stock, valued at approximately $49,219,013.34. This trade represents a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 556,672 shares of company stock worth $63,344,272. Corporate insiders own 11.78% of the company’s stock.

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.