Neuberger Berman Group LLC Decreases Stake in Datadog, Inc. (NASDAQ:DDOG)

Neuberger Berman Group LLC reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 747,710 shares of the company's stock after selling 330,440 shares during the period. Neuberger Berman Group LLC owned 0.22% of Datadog worth $106,840,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DDOG. Proficio Capital Partners LLC acquired a new stake in Datadog during the fourth quarter worth approximately $14,884,000. ARK Investment Management LLC increased its stake in shares of 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 acquiring an additional 49,050 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of 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 acquiring an additional 30,998 shares during the period. Baillie Gifford & Co. boosted 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 worth $1,558,234,000 after acquiring an additional 1,484,562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock worth $10,358,000 after purchasing an additional 2,451 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 0.6 %

NASDAQ:DDOG traded down $0.59 during trading hours on Monday, hitting $91.43. 2,772,181 shares of the company's stock traded hands, compared to its average volume of 4,317,889. The firm has a market cap of $31.34 billion, a P/E ratio of 179.28, a P/E/G ratio of 44.03 and a beta of 1.20. The business's fifty day simple moving average is $112.08 and its two-hundred day simple moving average is $129.18. 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 issued its quarterly earnings data 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 return on equity of 8.28% and a net margin of 6.85%. On average, analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several research reports. Morgan Stanley reiterated an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. Jefferies Financial Group reiterated a "buy" rating and set a $135.00 price objective (down from $150.00) on shares of Datadog in a report on Monday, April 7th. Wolfe Research lowered shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Barclays dropped their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Finally, Loop Capital boosted their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. One 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.67.

Insider Buying and Selling

In other Datadog news, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the sale, the chief executive officer now owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. The trade was a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 556,672 shares of company stock worth $63,344,272. Corporate insiders own 11.78% of the company's stock.

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.