Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,249 shares of the company's stock after selling 165,003 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Datadog worth $63,336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC boosted its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC boosted its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Datadog in the third quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

NASDAQ:DDOG traded down $3.11 during mid-day trading on Thursday, hitting $142.61. The company's stock had a trading volume of 5,966,230 shares, compared to its average volume of 4,166,371. The business's fifty day moving average is $148.26 and its two-hundred day moving average is $129.30. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 269.08, a PEG ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDOG. Stifel Nicolaus lowered shares of Datadog from a "buy" rating to a "hold" rating and reduced their target price for the stock from $165.00 to $140.00 in a research report on Wednesday. Macquarie assumed coverage on Datadog in a research note on Thursday, December 12th. They issued an "outperform" rating and a $200.00 target price for the company. Wedbush raised shares of Datadog from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Robert W. Baird increased their price target on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.59.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated 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 directly owns 379,693 shares of the company's stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 653,874 shares of company stock valued at $93,721,154 over the last ninety days. Company 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.