Virtu Financial LLC Purchases Shares of 4,518 Datadog, Inc. (NASDAQ:DDOG)

Virtu Financial LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,518 shares of the company’s stock, valued at approximately $645,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Jennison Associates LLC grew its stake in shares of Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Geode Capital Management LLC increased its holdings in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after purchasing an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Datadog by 2.4% in 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 acquiring an additional 46,746 shares during the period. Finally, Holocene Advisors LP boosted its position 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 purchasing an additional 1,097,815 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Macquarie reiterated an “outperform” rating and issued a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Citigroup decreased their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling

In other news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction that occurred on 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 owns 185,871 shares in the company, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock valued at $79,144,334 in the last three months. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG opened at $110.17 on Tuesday. The company’s 50-day simple moving average is $126.41 and its 200-day simple moving average is $131.01. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The stock has a market capitalization of $37.76 billion, a PE ratio of 216.02, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 net margin of 6.85% and a return on equity of 8.28%. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current 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.