Jump Financial LLC Has $15.77 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Jump Financial LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 317.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,328 shares of the company's stock after acquiring an additional 83,918 shares during the period. Jump Financial LLC's holdings in Datadog were worth $15,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DDOG. Groupama Asset Managment increased its position in shares of Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Norges Bank bought a new stake in Datadog in the fourth quarter valued at about $462,910,000. Jennison Associates LLC raised its stake in Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock valued at $1,325,826,000 after buying an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in 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 buying an additional 1,484,562 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in Datadog during the 4th quarter worth approximately $173,163,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Datadog in a research report on Friday, January 17th. They set an "overweight" rating and a $180.00 price target on the stock. Morgan Stanley decreased their price target on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday. Scotiabank dropped their price objective on shares of Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a research note on Tuesday. Wolfe Research cut Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Finally, Loop Capital upped 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. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $152.37.

Datadog Price Performance

Shares of DDOG stock traded down $0.82 during trading on Friday, reaching $91.06. The company had a trading volume of 3,472,961 shares, compared to its average volume of 4,337,484. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a market capitalization of $31.21 billion, a PE ratio of 178.54, a PEG ratio of 44.03 and a beta of 1.20. The firm's 50 day simple moving average is $106.75 and its two-hundred day simple moving average is $128.19.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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%. Analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders sold 548,756 shares of company stock worth $62,219,250 in the last quarter. 11.78% of the stock is owned by corporate insiders.

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.