Neuberger Berman Group LLC Sells 330,440 Shares of Datadog, Inc. (NASDAQ:DDOG)

Neuberger Berman Group LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 747,710 shares of the company’s stock after selling 330,440 shares during the quarter. Neuberger Berman Group LLC owned about 0.22% of Datadog worth $106,840,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Datadog in the 4th quarter valued at $14,884,000. ARK Investment Management LLC grew its position in Datadog by 62.7% during the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after buying an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Datadog by 140.1% during 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 last quarter. Baillie Gifford & Co. raised its holdings in shares of Datadog by 15.8% during the 4th 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 period. Finally, Cullen Frost Bankers Inc. raised 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 acquiring an additional 2,451 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Up 12.0 %

Datadog stock opened at $97.44 on Thursday. The company’s 50-day moving average price is $114.16 and its two-hundred day moving average price is $129.41. The stock has a market cap of $33.40 billion, a P/E ratio of 191.06, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

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%. Equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Macquarie reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. Jefferies Financial Group reiterated a “buy” rating and set a $135.00 price objective (down previously from $150.00) on shares of Datadog in a research note on Monday. Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup reduced their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Cantor Fitzgerald began coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective on the stock. One equities research 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.67.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at $49,219,013.34. This trade represents a 16.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 556,672 shares of company stock worth $63,344,272 over the last 90 days. 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.