Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,475 shares of the company’s stock after buying an additional 250 shares during the period. Midwest Professional Planners LTD.’s holdings in Datadog were worth $497,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. ARK Investment Management LLC grew its position in shares of Datadog by 62.7% during the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after acquiring an additional 49,050 shares during the period. Baillie Gifford & Co. lifted 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 in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after buying an additional 30,998 shares in the last quarter. Atom Investors LP purchased a new position in Datadog in the 3rd quarter valued at about $1,112,000. Finally, Parnassus Investments LLC lifted its stake in Datadog by 28.4% in the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after buying an additional 40,952 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, 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 value 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. The trade was a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the sale, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. The trade was a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 653,554 shares of company stock valued at $83,328,905 over the last quarter. 11.78% of the stock is owned by company insiders.

Datadog Stock Performance

DDOG stock opened at $101.80 on Friday. The firm has a market cap of $34.89 billion, a PE ratio of 199.61, a PEG ratio of 44.03 and a beta of 1.22. The firm’s 50 day moving average price is $130.81 and its 200-day moving average price is $131.12. Datadog, Inc. has a one year low of $98.30 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last announced its earnings results 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%. Equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Truist Financial decreased their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Barclays decreased their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.