Champlain Investment Partners LLC Has $86.85 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Champlain Investment Partners LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 607,840 shares of the company's stock after purchasing an additional 151,030 shares during the period. Champlain Investment Partners LLC owned approximately 0.18% of Datadog worth $86,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new position in Datadog in the 4th quarter valued at $14,884,000. ARK Investment Management LLC lifted 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 worth $18,188,000 after acquiring an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after acquiring an additional 30,998 shares during the period. Baillie Gifford & Co. boosted its position 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 buying an additional 1,484,562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock worth $10,358,000 after purchasing an additional 2,451 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Wolfe Research lowered Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Wells Fargo & Company downgraded shares of Datadog from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Morgan Stanley reduced their price target on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Loop Capital upped their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Seven research analysts have rated the stock with 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $150.33.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at $49,219,013.34. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 548,756 shares of company stock valued at $62,219,250 in the last ninety days. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Performance

Datadog stock traded down $2.56 during trading on Monday, reaching $88.62. The company had a trading volume of 1,428,409 shares, compared to its average volume of 4,329,448. The firm has a market capitalization of $30.38 billion, a PE ratio of 173.77, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The firm's 50-day simple moving average is $106.75 and its 200 day simple moving average is $128.35. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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 return on equity of 8.28% and a net margin of 6.85%. Analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.