Champlain Investment Partners LLC Grows Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Champlain Investment Partners LLC grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 607,840 shares of the company's stock after acquiring an additional 151,030 shares during the period. Champlain Investment Partners LLC owned about 0.18% of Datadog worth $86,854,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC lifted its stake 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 in the last quarter. Kieckhefer Group LLC acquired a new stake in Datadog in the 4th quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in Datadog during the 4th quarter worth approximately $43,000. Finally, Friedenthal Financial acquired a new position in shares of Datadog during the fourth quarter valued at approximately $54,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 0.9 %

DDOG stock traded down $0.82 during trading on Friday, hitting $91.06. The company had a trading volume of 3,472,961 shares, compared to its average volume of 4,337,484. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The firm has a 50-day moving average price of $106.75 and a 200-day moving average price of $128.19. The firm has a market cap of $31.21 billion, a PE ratio of 178.54, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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%. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the sale, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the transaction, the director now directly owns 195,667 shares in the company, valued at approximately $27,289,676.49. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 548,756 shares of company stock valued at $62,219,250 over the last quarter. Corporate insiders own 11.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank reduced their price objective on Datadog from $155.00 to $125.00 and set a "sector outperform" rating for the company in a research note on Tuesday. Rosenblatt Securities boosted their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Macquarie reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. Finally, Citigroup lowered their price target on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.37.

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.