Groupama Asset Managment Has $943.07 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Groupama Asset Managment grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 407.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,600,000 shares of the company's stock after buying an additional 5,299,688 shares during the quarter. Datadog comprises 6.9% of Groupama Asset Managment's holdings, making the stock its 3rd biggest position. Groupama Asset Managment owned about 1.94% of Datadog worth $943,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DDOG. Townsquare Capital LLC lifted its position in shares of Datadog by 50.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,871 shares of the company's stock valued at $330,000 after acquiring an additional 963 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Datadog in the 3rd quarter valued at $302,000. Rockefeller Capital Management L.P. raised its holdings in Datadog by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company's stock worth $1,746,000 after buying an additional 511 shares during the period. Captrust Financial Advisors increased its position in shares of Datadog by 16.5% in the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company's stock worth $1,095,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Datadog by 99.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 212,606 shares of the company's stock worth $24,462,000 after acquiring an additional 106,245 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

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Wall Street Analyst Weigh In

DDOG has been the topic of several research analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. Loop Capital increased their price objective on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Citigroup lowered their target price on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average target price of $157.22.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now owns 324,778 shares of the company's stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 601,412 shares of company stock worth $75,444,584. Corporate insiders own 11.78% of the company's stock.

Datadog Trading Down 7.1 %

Shares of NASDAQ:DDOG traded down $7.24 during midday trading on Thursday, hitting $94.47. The company had a trading volume of 5,707,968 shares, compared to its average volume of 4,207,662. The firm has a fifty day simple moving average of $121.49 and a 200 day simple moving average of $130.62. The stock has a market cap of $32.38 billion, a price-to-earnings ratio of 185.24, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12 month low of $93.23 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.