Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 36.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,580 shares of the company’s stock after acquiring an additional 1,212 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Datadog were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Los Angeles Capital Management LLC lifted its holdings in shares of Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after buying an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new position in shares of Datadog in the 3rd quarter valued at about $1,157,000. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after buying an additional 1,484,562 shares during the period. Atom Investors LP acquired a new position in shares of Datadog in the 3rd quarter valued at about $1,112,000. Finally, Parnassus Investments LLC increased its stake in shares of Datadog by 28.4% in the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after purchasing an additional 40,952 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 in the last quarter. Insiders own 11.78% of the company’s stock.

Datadog Stock Down 2.2 %

Shares of NASDAQ:DDOG opened at $114.98 on Wednesday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The business has a fifty day moving average of $140.58 and a two-hundred day moving average of $131.97. The stock has a market cap of $39.06 billion, a P/E ratio of 225.46, a PEG ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DDOG. Morgan Stanley restated an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Mizuho lifted their price target on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.70.

About Datadog

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.