River Global Investors LLP Has $559,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

River Global Investors LLP lessened its stake in Datadog, Inc. (NASDAQ:DDOG) by 40.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,913 shares of the company’s stock after selling 2,635 shares during the quarter. River Global Investors LLP’s holdings in Datadog were worth $559,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DDOG. Jennison Associates LLC increased its stake in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after buying an additional 3,005,300 shares during the period. Baillie Gifford & Co. increased its stake in 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. Holocene Advisors LP increased its stake in Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares during the period. Champlain Investment Partners LLC acquired a new position in Datadog in the 3rd quarter valued at approximately $52,561,000. Finally, Eagle Asset Management Inc. grew its position in Datadog by 72.4% in the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the sale, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 589,353 shares of company stock worth $86,544,020 in the last quarter. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG stock opened at $109.63 on Friday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 214.96, a P/E/G ratio of 44.03 and a beta of 1.22. The firm has a fifty day moving average of $135.05 and a 200-day moving average of $131.76.

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

Wall Street Analyst Weigh In

Several analysts have commented on DDOG shares. Rosenblatt Securities boosted their target price on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their target price on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. TD Cowen reissued a “buy” rating and issued a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.70.

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.