Natixis Sells 55,578 Shares of Datadog, Inc. (NASDAQ:DDOG)

Natixis decreased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 50.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 54,352 shares of the company's stock after selling 55,578 shares during the period. Natixis' holdings in Datadog were worth $7,766,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 during the last quarter. Baillie Gifford & Co. boosted its position in 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 purchasing an additional 1,484,562 shares during the period. Jennison Associates LLC increased 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 during the last quarter. Groupama Asset Managment lifted its stake in shares of Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after buying an additional 5,299,688 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Datadog by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock worth $811,076,000 after buying an additional 499,055 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 3.5 %

Shares of NASDAQ:DDOG traded up $3.16 during midday trading on Wednesday, reaching $94.58. The company had a trading volume of 5,711,227 shares, compared to its average volume of 4,352,912. The stock has a market cap of $32.42 billion, a P/E ratio of 185.45, a P/E/G ratio of 44.03 and a beta of 1.20. The company's 50 day moving average price is $104.68 and its 200 day moving average price is $127.86. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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%. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,756 shares of company stock worth $58,732,500 over the last ninety days. 11.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Datadog from $180.00 to $125.00 and set an "overweight" rating for the company in a report on Monday. Stifel Nicolaus cut shares of Datadog from a "buy" rating to a "hold" rating and dropped their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. DA Davidson decreased their price target on shares of Datadog from $165.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada increased their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Truist Financial cut their price objective on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

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.