7,754 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,754 shares of the company's stock, valued at approximately $1,108,000.

Several other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock worth $1,325,826,000 after buying an additional 3,005,300 shares during the last quarter. Baillie Gifford & Co. boosted its holdings 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 purchasing an additional 1,484,562 shares in the last quarter. Holocene Advisors LP lifted its holdings in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock valued at $187,878,000 after buying an additional 1,097,815 shares during the period. Champlain Investment Partners LLC acquired a new stake in Datadog in the third quarter valued at $52,561,000. Finally, Eagle Asset Management Inc. boosted its holdings in Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company's stock worth $113,844,000 after buying an additional 384,121 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Up 0.1 %

Shares of DDOG stock traded up $0.07 during trading hours on Wednesday, hitting $102.03. 6,856,861 shares of the company's stock traded hands, compared to its average volume of 4,049,029. The stock has a market cap of $34.97 billion, a PE ratio of 200.06, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The stock's 50 day simple moving average is $133.38 and its 200 day simple moving average is $131.66. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

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Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of several research reports. Loop Capital upped their target price on Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Macquarie restated an "outperform" rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their price target on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of Datadog in a research note on Tuesday, March 4th. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $158.70.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $58,370,204.89. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 517,995 shares of company stock worth $69,482,484. 11.78% of the stock is currently owned by company insiders.

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.