Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 36.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,231 shares of the company's stock after acquiring an additional 22,025 shares during the quarter. MML Investors Services LLC's holdings in Datadog were worth $11,893,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Norinchukin Bank The increased its stake in shares of Datadog by 8.7% in the fourth quarter. Norinchukin Bank The now owns 3,161 shares of the company's stock worth $452,000 after purchasing an additional 252 shares in the last quarter. Ossiam boosted its position in shares of Datadog by 6.9% in the fourth quarter. Ossiam now owns 112,412 shares of the company's stock valued at $16,063,000 after acquiring an additional 7,237 shares during the period. Curi RMB Capital LLC boosted its holdings in Datadog by 4.2% in the 4th quarter. Curi RMB Capital LLC now owns 41,055 shares of the company's stock valued at $5,866,000 after purchasing an additional 1,649 shares during the period. Dimensional Fund Advisors LP grew its position in Datadog by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 368,049 shares of the company's stock worth $52,593,000 after buying an additional 30,941 shares in the last quarter. Finally, Forum Financial Management LP bought a new position in shares of Datadog in the fourth quarter worth approximately $275,000. Institutional investors own 78.29% of the company's stock.

Datadog Stock Up 1.9 %

NASDAQ DDOG traded up $1.92 during trading on Friday, hitting $101.52. 3,025,472 shares of the stock traded hands, compared to its average volume of 4,351,893. The company has a market capitalization of $34.80 billion, a P/E ratio of 199.06, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The firm has a 50-day simple moving average of $103.32 and a 200-day simple moving average of $127.47. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly 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%. As a group, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

DDOG has been the subject of a number of research 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. UBS Group reduced their target price on Datadog from $164.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Truist Financial cut their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a report on Monday, March 31st. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. Finally, Barclays cut their target price on Datadog from $180.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Activity

In other news, CRO Sean Michael Walters sold 8,454 shares of the firm's stock in a transaction dated 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 transaction, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the sale, the director now owns 82,324 shares in the company, valued at approximately $9,538,058.64. This represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 523,756 shares of company stock valued at $58,732,500. Corporate insiders own 11.78% of the company's stock.

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.