Keybank National Association OH Grows Stake in Datadog, Inc. (NASDAQ:DDOG)

Keybank National Association OH increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,756 shares of the company’s stock after purchasing an additional 1,967 shares during the quarter. Keybank National Association OH’s holdings in Datadog were worth $1,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DDOG. Jennison Associates LLC raised its holdings in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Baillie Gifford & Co. raised its holdings in Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Holocene Advisors LP raised its holdings in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the period. Champlain Investment Partners LLC bought a new stake in Datadog during the third quarter valued at about $52,561,000. Finally, Eagle Asset Management Inc. raised its holdings in Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after acquiring an additional 384,121 shares during the period. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DDOG shares. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Loop Capital raised their price target on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Macquarie reissued an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. BMO Capital Markets raised their price target on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. One investment 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Insider Activity

In related news, Director Amit Agarwal sold 10,167 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the transaction, the director now owns 82,324 shares of the company’s stock, valued at $9,538,058.64. The trade was a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly 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. Over the last quarter, insiders sold 589,353 shares of company stock valued at $86,544,020. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $109.63 on Friday. The company has a 50 day moving average price of $135.05 and a 200-day moving average price of $131.66. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The company has a market capitalization of $37.58 billion, a PE ratio of 214.96, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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, analysts forecast that Datadog, Inc. will post 0.34 earnings per share 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.