Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Bailard Inc.

Bailard Inc. raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,981 shares of the company’s stock after purchasing an additional 4,048 shares during the period. Bailard Inc.’s holdings in Datadog were worth $7,142,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Datadog by 47.9% in the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Datadog by 15.8% in 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 during the last quarter. Holocene Advisors LP boosted its stake 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 worth $187,878,000 after acquiring an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Datadog in the third quarter worth approximately $52,561,000. Finally, Eagle Asset Management Inc. boosted its stake in shares of Datadog by 72.4% in the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of research analyst reports. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Mizuho lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective on shares of Datadog in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One investment 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 178,723 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00. Following the transaction, the director now directly owns 195,667 shares of the company’s stock, valued at $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock valued at $82,904,025 in the last three months. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Up 2.7 %

Shares of NASDAQ DDOG opened at $116.57 on Friday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a fifty day simple moving average of $138.51 and a 200-day simple moving average of $131.86. The stock has a market capitalization of $39.60 billion, a PE ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15.

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

About Datadog

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.