Allianz Asset Management GmbH Sells 241,327 Shares of Datadog, Inc. (NASDAQ:DDOG)

Allianz Asset Management GmbH reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,526 shares of the company’s stock after selling 241,327 shares during the quarter. Allianz Asset Management GmbH’s holdings in Datadog were worth $87,243,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Jennison Associates LLC increased its position in 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 acquiring an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Datadog by 15.8% during the fourth 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. Holocene Advisors LP increased its holdings in shares of Datadog by 205.2% in the third 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 in the last quarter. Champlain Investment Partners LLC bought a new position in Datadog in the 3rd quarter worth approximately $52,561,000. Finally, Eagle Asset Management Inc. lifted its holdings in Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after buying an additional 384,121 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Datadog

In other Datadog news, Director Amit Agarwal sold 25,000 shares of Datadog 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 556,674 shares of company stock worth $82,904,025. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Guggenheim reissued a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Scotiabank lowered their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a research report on Tuesday, February 11th. Finally, DA Davidson boosted their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog Stock Down 5.2 %

Shares of NASDAQ:DDOG opened at $119.67 on Friday. The firm has a market cap of $40.66 billion, a price-to-earnings ratio of 234.66, a PEG ratio of 44.94 and a beta of 1.15. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The company’s fifty day simple moving average is $142.18 and its 200 day simple moving average is $131.57.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.