Bailard Inc. Has $7.14 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Bailard Inc. boosted its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,981 shares of the company's stock after acquiring an additional 4,048 shares during the quarter. Bailard Inc.'s holdings in Datadog were worth $7,142,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC grew its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC increased its position in shares of Datadog by 55.9% in the fourth 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. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Datadog in the 3rd quarter worth about $33,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company cut Datadog from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Royal Bank of Canada boosted their target price on shares of Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group upped their target price on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Citigroup dropped their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.70.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the transaction, the director now owns 195,667 shares in the company, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company's stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last ninety days. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

Shares of Datadog stock traded down $1.38 during trading on Monday, hitting $115.17. The stock had a trading volume of 2,571,994 shares, compared to its average volume of 3,992,423. The business has a fifty day moving average of $138.51 and a two-hundred day moving average of $131.99. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market cap of $39.13 billion, a P/E ratio of 226.00, a PEG ratio of 44.03 and a beta of 1.15.

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 net margin of 6.85% and a return on equity of 8.28%. As a group, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share 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.