Robeco Institutional Asset Management B.V. Has $63.34 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Robeco Institutional Asset Management B.V. lowered its holdings in Datadog, Inc. (NASDAQ:DDOG) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,249 shares of the company’s stock after selling 165,003 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Datadog worth $63,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Retirement Wealth Solutions LLC bought a new stake in Datadog in the fourth quarter worth approximately $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. True Wealth Design LLC boosted its holdings in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. grew its position in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP bought a new stake in Datadog during the third quarter worth about $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ DDOG opened at $145.72 on Thursday. 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 $49.50 billion, a PE ratio of 274.95, a P/E/G ratio of 16.28 and a beta of 1.14. The firm has a 50-day moving average of $148.05 and a 200-day moving average of $129.18.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of research reports. Jefferies Financial Group raised their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. BMO Capital Markets upped their price target on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Finally, Sanford C. Bernstein dropped their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.59.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 653,874 shares of company stock worth $93,721,154 over the last three months. Insiders own 11.78% of the company’s stock.

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.