Robeco Institutional Asset Management B.V. Sells 165,502 Shares of Datadog, Inc. (NASDAQ:DDOG)

Robeco Institutional Asset Management B.V. cut its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,747 shares of the company's stock after selling 165,502 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Datadog worth $27,555,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Datadog by 32.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing an additional 3,760 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Datadog during the 4th quarter worth about $14,884,000. Cullen Frost Bankers Inc. grew its holdings in Datadog by 3.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock worth $10,358,000 after acquiring an additional 2,451 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Datadog by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,254,538 shares of the company's stock worth $179,261,000 after acquiring an additional 77,961 shares in the last quarter. Finally, Berkshire Capital Holdings Inc. grew its holdings in Datadog by 731,900.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 73,200 shares of the company's stock worth $10,460,000 after acquiring an additional 73,190 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 23,058 shares of Datadog stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $130.87, for a total value of $3,017,600.46. Following the sale, the director now owns 31,298 shares of the company's stock, valued at approximately $4,095,969.26. This trade represents a 42.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kerry Acocella sold 5,099 shares of Datadog stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $116.84, for a total transaction of $595,767.16. Following the completion of the sale, the general counsel now directly owns 115,490 shares in the company, valued at $13,493,851.60. This represents a 4.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 901,778 shares of company stock valued at $103,817,113 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DDOG shares. BTIG Research set a $136.00 target price on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, May 6th. Truist Financial dropped their target price on shares of Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Jefferies Financial Group reiterated a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Rosenblatt Securities dropped their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Wells Fargo & Company decreased their price target on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $143.03.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $132.08 on Friday. The stock has a market capitalization of $45.61 billion, a price-to-earnings ratio of 287.14, a PEG ratio of 72.53 and a beta of 1.01. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm's 50 day simple moving average is $115.26 and its 200-day simple moving average is $121.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

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.

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