Temasek Holdings Private Ltd Purchases Shares of 15,888 Datadog, Inc. (NASDAQ:DDOG)

Temasek Holdings Private Ltd acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,888 shares of the company's stock, valued at approximately $2,270,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company's stock valued at $4,337,316,000 after buying an additional 220,527 shares during the period. Baillie Gifford & Co. boosted its stake 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 holdings in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock valued at $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Datadog by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock worth $811,076,000 after purchasing an additional 499,055 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DDOG. JMP Securities restated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Wedbush dropped their price objective on shares of Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $134.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Guggenheim restated a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Morgan Stanley cut their price target on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $141.54.

Datadog Trading Down 0.1%

NASDAQ DDOG traded down $0.17 during trading on Tuesday, reaching $116.29. 2,995,249 shares of the company's stock were exchanged, compared to its average volume of 4,372,995. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company's fifty day simple moving average is $101.74 and its 200-day simple moving average is $125.39. The firm has a market capitalization of $40.16 billion, a PE ratio of 228.02, a P/E/G ratio of 44.03 and a beta of 1.12.

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

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $118.67, for a total value of $2,966,750.00. Following the completion of the sale, the director now directly owns 82,324 shares in the company, valued at approximately $9,769,389.08. The trade was a 23.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now directly owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This represents a 25.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 584,867 shares of company stock valued at $60,517,652. 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.