162,926 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 162,926 shares of the company’s stock, valued at approximately $23,489,000.

Several other institutional investors also recently modified their holdings of DDOG. Vanguard Group Inc. lifted its stake in Datadog by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock worth $4,337,316,000 after purchasing an additional 220,527 shares during the last quarter. Baillie Gifford & Co. grew its position in 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 acquiring an additional 1,484,562 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares in the last quarter. Groupama Asset Managment lifted its holdings in shares of Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Datadog by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock valued at $811,076,000 after purchasing an additional 499,055 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Citigroup reduced their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus set a $120.00 price objective on Datadog in a research note on Tuesday, May 6th. Scotiabank set a $130.00 target price on shares of Datadog and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $134.00 price target on shares of Datadog in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.54.

Insider Transactions at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares of the company’s stock, valued at approximately $18,966,276.84. This represents a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now owns 435,793 shares in the company, valued at approximately $47,745,481.08. The trade was a 19.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 559,867 shares of company stock worth $57,550,902 in the last quarter. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $119.09 on Thursday. The stock has a market capitalization of $40.82 billion, a price-to-earnings ratio of 233.51, a PEG ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The business’s fifty day moving average price is $100.48 and its 200-day moving average price is $125.66.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.