Vanguard Group Inc. Buys 220,527 Shares of Datadog, Inc. (NASDAQ:DDOG)

Vanguard Group Inc. grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,354,229 shares of the company’s stock after purchasing an additional 220,527 shares during the quarter. Vanguard Group Inc. owned about 8.93% of Datadog worth $4,337,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. Allworth Financial LP lifted its holdings in Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after buying an additional 75 shares during the period. Spire Wealth Management raised its position in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 81 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent research reports. DA Davidson raised their price objective on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Macquarie restated an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Loop Capital upped their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Activity at Datadog

In other news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 626,412 shares of company stock worth $79,144,334. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Up 4.9 %

Datadog stock opened at $110.17 on Tuesday. The business has a 50-day simple moving average of $126.41 and a two-hundred day simple moving average of $131.01. Datadog, Inc. has a 52-week low of $98.30 and a 52-week high of $170.08. The company has a market cap of $37.76 billion, a P/E ratio of 216.02, a P/E/G ratio of 44.03 and a beta of 1.22.

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

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.