Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,877 shares of the company's stock after selling 90,391 shares during the period. Korea Investment CORP owned about 0.14% of Datadog worth $69,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DDOG. Jennison Associates LLC grew 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 valued at $1,325,826,000 after purchasing an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. lifted its position 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 acquiring an additional 1,484,562 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Datadog during the fourth quarter worth about $173,163,000. Holocene Advisors LP raised its position in Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock worth $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company's stock valued at $4,337,316,000 after purchasing an additional 220,527 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the sale, the chief technology officer now directly owns 371,865 shares in the company, valued at $37,986,009.75. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock worth $75,444,584 over the last ninety days. Company insiders own 11.78% of the company's stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $99.21 on Tuesday. Datadog, Inc. has a fifty-two week low of $96.63 and a fifty-two week high of $170.08. The firm has a market cap of $34.01 billion, a P/E ratio of 194.53, a P/E/G ratio of 44.03 and a beta of 1.22. The firm has a 50-day simple moving average of $123.01 and a two-hundred day simple moving average of $130.88.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of Datadog from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Morgan Stanley restated an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. Macquarie reiterated an "outperform" rating and issued a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. Finally, Citigroup decreased their target price on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $157.22.

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.