Emerald Advisers LLC Purchases 5,338 Shares of Datadog, Inc. (NASDAQ:DDOG)

Emerald Advisers LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 138.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,203 shares of the company's stock after purchasing an additional 5,338 shares during the period. Emerald Advisers LLC's holdings in Datadog were worth $1,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its position in 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 purchasing an additional 3,005,300 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Datadog during the 4th quarter valued at about $173,163,000. Holocene Advisors LP increased its stake in Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in Datadog in the third quarter valued at about $52,561,000. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of DDOG stock traded down $3.75 during trading hours on Friday, reaching $101.10. The company had a trading volume of 3,793,178 shares, compared to its average volume of 4,189,762. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08. The firm has a market cap of $34.65 billion, a price-to-earnings ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22. The company has a 50 day moving average of $123.79 and a 200 day moving average of $130.65.

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Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results 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, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was 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 owns 379,693 shares of the company's stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the transaction, the director now owns 195,667 shares in the company, valued at $27,612,527.04. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock valued at $75,444,584 in the last 90 days. 11.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of analyst reports. Wells Fargo & Company cut shares of Datadog from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Citigroup dropped their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Cantor Fitzgerald began coverage on shares of Datadog in a report on Friday, January 17th. They issued an "overweight" rating and a $180.00 target price on the stock. Finally, Macquarie reissued an "outperform" rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. 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 given a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of "Moderate Buy" and an average price target 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.