Datadog, Inc. (NASDAQ:DDOG) Shares Sold by LGT Group Foundation

LGT Group Foundation lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,445 shares of the company's stock after selling 6,589 shares during the quarter. LGT Group Foundation's holdings in Datadog were worth $12,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DDOG. Massachusetts Financial Services Co. MA purchased a new stake in Datadog during the third quarter valued at about $189,668,000. Alkeon Capital Management LLC purchased a new stake in Datadog in the third quarter worth approximately $127,526,000. Vanguard Group Inc. grew its position in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company's stock valued at $2,416,151,000 after acquiring an additional 1,191,742 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Datadog during the third quarter worth approximately $44,939,000. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Datadog by 83.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company's stock worth $97,396,000 after acquiring an additional 486,582 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total value of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company's stock, valued at approximately $43,858,972.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Datadog news, CEO Olivier Pomel sold 23,924 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total value of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company's stock, valued at approximately $43,858,972.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Adam Blitzer sold 20,892 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the transaction, the chief operating officer now directly owns 203,503 shares of the company's stock, valued at approximately $26,166,415.74. The disclosure for this sale can be found here. Insiders sold a total of 759,908 shares of company stock valued at $97,728,997 in the last quarter. 11.78% of the stock is owned by insiders.

Datadog Stock Down 0.9 %

Shares of DDOG stock traded down $1.19 during mid-day trading on Friday, reaching $124.27. 3,883,858 shares of the company's stock traded hands, compared to its average volume of 4,021,729. Datadog, Inc. has a 12 month low of $70.00 and a 12 month high of $138.61. The company has a market cap of $41.24 billion, a P/E ratio of 1,035.58 and a beta of 1.14. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $125.09 and its 200-day moving average price is $118.05.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to analysts' expectations of $568.73 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The company's quarterly revenue was up 25.6% on a year-over-year basis. On average, equities analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Barclays boosted their target price on Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. William Blair restated an "outperform" rating on shares of Datadog in a research report on Friday, February 16th. Needham & Company LLC lifted their price target on Datadog from $125.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. Finally, Mizuho increased their price objective on Datadog from $108.00 to $130.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $131.70.

Datadog Company 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.