FWL Investment Management LLC Has $7.82 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

FWL Investment Management LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,704 shares of the company's stock after acquiring an additional 3,474 shares during the quarter. Datadog comprises approximately 2.8% of FWL Investment Management LLC's portfolio, making the stock its 15th biggest holding. FWL Investment Management LLC's holdings in Datadog were worth $7,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in 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 last quarter. Baillie Gifford & Co. boosted its holdings 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 purchasing an additional 1,484,562 shares during the last quarter. Jennison Associates LLC boosted its holdings in Datadog by 47.9% in 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 boosted its holdings in Datadog by 407.6% in 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 boosted its holdings in Datadog by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock valued at $811,076,000 after purchasing an additional 499,055 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares of the company's stock, valued at $18,966,276.84. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 47,306 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $107.40, for a total transaction of $5,080,664.40. Following the completion of the transaction, the director now directly owns 25,468 shares in the company, valued at $2,735,263.20. The trade was a 65.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 559,867 shares of company stock worth $57,550,902 over the last quarter. 11.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Truist Financial cut their target price on shares of Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Morgan Stanley cut their target price on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wedbush cut their target price on shares of Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company cut their target price on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.54.

Datadog Trading Up 2.3%

DDOG stock traded up $2.62 during trading on Tuesday, hitting $116.04. 3,737,025 shares of the stock traded hands, compared to its average volume of 4,331,388. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The stock has a market cap of $39.77 billion, a price-to-earnings ratio of 227.53, a P/E/G ratio of 44.03 and a beta of 1.12. The company has a 50 day simple moving average of $100.17 and a 200 day simple moving average of $125.76.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (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 analysts' expectations of $741.73 million. During the same period last year, the firm earned $0.44 earnings per share. The business's revenue for the quarter was up 24.6% on a year-over-year basis. As a group, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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.