LGT Group Foundation Has $6.90 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

LGT Group Foundation increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,283 shares of the company's stock after purchasing an additional 2,513 shares during the quarter. LGT Group Foundation's holdings in Datadog were worth $6,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company's stock valued at $4,469,000 after buying an additional 24,574 shares during the last quarter. Heritage Investors Management Corp purchased a new position in Datadog in the third quarter valued at about $1,157,000. ARK Investment Management LLC boosted its stake in shares of Datadog by 62.7% during the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock valued at $18,188,000 after buying an additional 49,050 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Datadog by 15.8% during the fourth 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after buying an additional 30,998 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Down 2.9 %

Shares of DDOG traded down $3.38 during trading hours on Monday, reaching $113.17. The company's stock had a trading volume of 4,205,290 shares, compared to its average volume of 3,981,869. The company has a 50 day moving average of $138.51 and a two-hundred day moving average of $131.99. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 221.91, 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 released its quarterly earnings data 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, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the general counsel now directly owns 68,758 shares of the company's stock, valued at $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 556,674 shares of company stock worth $82,904,025. Corporate insiders own 11.78% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Loop Capital upped their price objective on Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Morgan Stanley restated an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. BMO Capital Markets lifted their price objective on shares of Datadog from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They set an "overweight" rating and a $180.00 target price on the stock. Finally, Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.70.

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.