Baillie Gifford & Co. Has $1.08 Billion Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Baillie Gifford & Co. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 0.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,420,571 shares of the company's stock after selling 72,893 shares during the period. Datadog accounts for about 0.8% of Baillie Gifford & Co.'s portfolio, making the stock its 28th largest position. Baillie Gifford & Co. owned 2.79% of Datadog worth $1,083,931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Investors Management Corp purchased a new position in shares of Datadog in the 3rd quarter worth approximately $1,157,000. Vanguard Group Inc. grew its position in Datadog by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company's stock worth $3,390,485,000 after purchasing an additional 171,693 shares during the period. Bank of Montreal Can grew its position in shares of Datadog by 129.2% during the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company's stock valued at $79,384,000 after acquiring an additional 344,431 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Datadog by 23.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company's stock valued at $19,635,000 after buying an additional 32,217 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its stake in Datadog by 1,648.8% in the 1st quarter. Plato Investment Management Ltd now owns 5,159 shares of the company's stock worth $638,000 after purchasing an additional 4,864 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Up 0.4 %

Shares of NASDAQ:DDOG traded up $0.49 during mid-day trading on Tuesday, reaching $122.85. 3,129,240 shares of the stock were exchanged, compared to its average volume of 3,801,694. The stock's 50 day simple moving average is $119.79 and its 200-day simple moving average is $119.46. Datadog, Inc. has a one year low of $98.80 and a one year high of $138.61. The company has a market cap of $41.42 billion, a P/E ratio of 230.87, a P/E/G ratio of 22.72 and a beta of 1.10.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 9,256 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares of the company's stock, valued at $5,230,808.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Datadog news, Director Shardul Shah sold 15,832 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the transaction, the director now owns 459,449 shares in the company, valued at $55,143,068.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 9,256 shares of Datadog stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the transaction, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,186 shares of company stock valued at $39,962,314. Insiders own 11.78% of the company's stock.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Barclays lifted their target price on shares of Datadog from $140.00 to $155.00 and gave the company an "overweight" rating in a report on Friday. Mizuho raised shares of Datadog from a "neutral" rating to an "outperform" rating and upped their target price for the company from $135.00 to $155.00 in a report on Tuesday, July 16th. Monness Crespi & Hardt upgraded shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. UBS Group restated an "underperform" rating on shares of Datadog in a report on Friday, October 18th. Finally, Evercore ISI initiated coverage on Datadog in a research note on Monday, July 15th. They set an "outperform" rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.96.

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.