Motley Fool Wealth Management LLC Has $24.52 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Motley Fool Wealth Management LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,450 shares of the company's stock after selling 12,677 shares during the period. Datadog accounts for about 1.3% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its 20th biggest holding. Motley Fool Wealth Management LLC owned about 0.05% of Datadog worth $24,523,000 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. Proficio Capital Partners LLC acquired a new position in Datadog during the 4th quarter worth $14,884,000. ARK Investment Management LLC grew its position in Datadog by 62.7% in 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 in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock valued at $7,590,000 after buying an additional 30,998 shares during the period. Baillie Gifford & Co. lifted its stake in Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Finally, Atom Investors LP acquired a new position in Datadog in the third quarter worth approximately $1,112,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Datadog Trading Down 3.6 %

NASDAQ:DDOG traded down $3.75 during mid-day trading on Friday, hitting $101.10. The company's stock had a trading volume of 3,793,178 shares, compared to its average volume of 4,189,762. The company has a market capitalization 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. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The stock has a fifty day moving average of $123.79 and a 200-day moving average of $130.80.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the transaction, the director now owns 195,667 shares in the company, valued at approximately $27,612,527.04. The trade was a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,412 shares of company stock worth $75,444,584. Corporate insiders own 11.78% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus downgraded Datadog from a "buy" rating to a "hold" rating and lowered their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Jefferies Financial Group upped their target price on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Rosenblatt Securities increased their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They set an "overweight" rating and a $180.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and a consensus price target 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.