Datadog, Inc. (NASDAQ:DDOG) Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,145 shares of the company’s stock after buying an additional 839 shares during the period. Bessemer Group Inc.’s holdings in Datadog were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Datadog during the 4th quarter valued at $14,884,000. ARK Investment Management LLC increased its holdings in shares of Datadog by 62.7% during the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after purchasing an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Datadog by 140.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after purchasing an additional 30,998 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in Datadog by 3.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company’s stock valued at $10,358,000 after buying an additional 2,451 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DDOG. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of Datadog in a research note on Tuesday, March 4th. Jefferies Financial Group restated a “buy” rating and issued a $135.00 target price (down from $150.00) on shares of Datadog in a research report on Monday, April 7th. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Citigroup lowered their target price on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $154.81.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the sale, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at $49,219,013.34. This represents a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,672 shares of company stock worth $63,344,272 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Price Performance

NASDAQ:DDOG opened at $91.88 on Tuesday. The stock has a market cap of $31.49 billion, a PE ratio of 180.16, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock’s 50-day moving average is $111.02 and its two-hundred day moving average is $129.02.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 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, equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.