Bamco Inc. NY Reduces Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Bamco Inc. NY trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 530,854 shares of the company's stock after selling 25,233 shares during the quarter. Bamco Inc. NY owned approximately 0.16% of Datadog worth $75,854,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DDOG. Groupama Asset Managment boosted its stake in shares of Datadog by 407.6% in the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the period. Norges Bank purchased a new stake in Datadog during the fourth quarter valued at approximately $462,910,000. Jennison Associates LLC boosted 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. Baillie Gifford & Co. grew its holdings 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 purchasing an additional 1,484,562 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $173,163,000. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 0.0 %

Shares of DDOG traded up $0.04 during mid-day trading on Wednesday, hitting $106.10. 5,925,064 shares of the company's stock were exchanged, compared to its average volume of 4,348,163. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The business's 50 day moving average is $100.64 and its two-hundred day moving average is $126.18. The firm has a market capitalization of $36.37 billion, a P/E ratio of 208.04, a P/E/G ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same period last year, the business posted $0.44 EPS. The company's revenue was up 24.6% on a year-over-year basis. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on DDOG shares. JMP Securities reissued a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Rosenblatt Securities dropped their price objective on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. Stifel Nicolaus set a $120.00 price target on shares of Datadog in a research report on Tuesday. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Citigroup reduced their price target on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Datadog currently has an average rating of "Moderate Buy" and an average price target of $141.54.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred 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 sale, the chief executive officer now owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. The trade was a 16.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the sale, the director now directly owns 82,324 shares of the company's stock, valued at $9,538,058.64. This represents a 10.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,456 shares of company stock worth $39,018,715. Company insiders own 11.78% of the company's stock.

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.