Erste Asset Management GmbH Invests $8.32 Million in Datadog, Inc. (NASDAQ:DDOG)

Erste Asset Management GmbH purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 57,000 shares of the company’s stock, valued at approximately $8,321,000.

A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in Datadog by 47.9% during the 4th 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 in the last quarter. Baillie Gifford & Co. grew its holdings in shares of 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 buying an additional 1,484,562 shares during the last quarter. Holocene Advisors LP increased its position in shares of 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 in the last quarter. Champlain Investment Partners LLC purchased a new position in Datadog in the 3rd quarter worth approximately $52,561,000. Finally, Eagle Asset Management Inc. lifted its position in Datadog by 72.4% in the 3rd 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 in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Barclays reduced their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Finally, Mizuho raised their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research 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 stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Down 3.3 %

Shares of Datadog stock opened at $98.68 on Friday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The business has a 50-day moving average price of $131.67 and a 200-day moving average price of $131.22. The firm has a market cap of $33.82 billion, a price-to-earnings ratio of 193.49, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the sale, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 526,449 shares of company stock valued at $70,345,130 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

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.