Dimensional Fund Advisors LP Acquires 30,941 Shares of Datadog, Inc. (NASDAQ:DDOG)

Dimensional Fund Advisors LP grew its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 368,049 shares of the company's stock after acquiring an additional 30,941 shares during the quarter. Dimensional Fund Advisors LP owned 0.11% of Datadog worth $52,593,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Datadog during the third quarter worth $625,000. Tidal Investments LLC raised its stake in shares of Datadog by 27.6% during the third quarter. Tidal Investments LLC now owns 28,295 shares of the company's stock valued at $3,256,000 after acquiring an additional 6,119 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in shares of Datadog by 39.9% in the third quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company's stock valued at $591,000 after buying an additional 1,465 shares during the period. GAMMA Investing LLC boosted its stake in shares of Datadog by 40.3% in the 4th quarter. GAMMA Investing LLC now owns 790 shares of the company's stock valued at $113,000 after purchasing an additional 227 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Datadog during the 4th quarter valued at about $1,190,000. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of DDOG stock traded up $0.36 during trading hours on Tuesday, hitting $106.06. The stock had a trading volume of 13,043,473 shares, compared to its average volume of 4,416,703. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The firm has a market capitalization of $36.35 billion, a PE ratio of 207.96, a PEG ratio of 44.03 and a beta of 1.12. The stock's 50 day moving average is $100.79 and its 200 day moving average is $126.32.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. As a group, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DDOG shares. Scotiabank cut their target price on Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 15th. Citigroup reduced their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Barclays decreased their price objective on shares of Datadog from $180.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They set an "overweight" rating and a $180.00 price target on the stock. Finally, Macquarie reissued an "outperform" rating and set a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $150.33.

Insider Buying and Selling

In related news, 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 value of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. This trade represents a 16.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 10,167 shares of Datadog stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the completion of the transaction, the director now directly owns 82,324 shares in the company, valued at $9,538,058.64. This represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,456 shares of company stock worth $39,018,715. 11.78% of the stock is currently owned by corporate insiders.

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.