Allianz Asset Management GmbH Lowers Position in Datadog, Inc. (NASDAQ:DDOG)

Allianz Asset Management GmbH cut its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,526 shares of the company's stock after selling 241,327 shares during the quarter. Allianz Asset Management GmbH owned about 0.18% of Datadog worth $87,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 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 worth $1,558,234,000 after buying an additional 1,484,562 shares during the period. Jennison Associates LLC boosted its holdings in shares of Datadog by 47.9% in the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares during the period. Geode Capital Management LLC grew its position in shares of Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company's stock valued at $595,438,000 after purchasing an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company's stock valued at $232,988,000 after purchasing an additional 46,746 shares during the period. Finally, Holocene Advisors LP lifted its holdings in Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock worth $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

DDOG stock traded down $1.71 during trading on Tuesday, hitting $115.80. 3,485,833 shares of the company traded hands, compared to its average volume of 5,181,338. The company has a 50-day moving average of $141.41 and a 200-day moving average of $131.95. The firm has a market capitalization of $39.34 billion, a PE ratio of 226.91, a P/E/G ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) 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%. Sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other news, General Counsel Kerry Acocella sold 2,488 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company's stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 556,674 shares of company stock valued at $82,904,025. Insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of recent analyst reports. Rosenblatt Securities lifted their target price on Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Citigroup reduced their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Truist Financial lowered their target price on shares of Datadog from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, Monness Crespi & Hardt raised shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.

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.