Royal London Asset Management Ltd. Purchases 8,142 Shares of Datadog, Inc. (NASDAQ:DDOG)

Royal London Asset Management Ltd. grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,479 shares of the company's stock after buying an additional 8,142 shares during the period. Royal London Asset Management Ltd.'s holdings in Datadog were worth $20,359,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DDOG. Baillie Gifford & Co. increased its holdings in shares of Datadog by 15.8% in 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. Jennison Associates LLC grew its position in shares of Datadog by 47.9% in the 4th 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 period. Geode Capital Management LLC increased its stake in Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company's stock worth $595,438,000 after purchasing an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company's stock worth $232,988,000 after buying an additional 46,746 shares during the period. Finally, Holocene Advisors LP boosted its holdings in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock valued at $187,878,000 after buying an additional 1,097,815 shares during the period. Institutional investors own 78.29% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DDOG. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Citigroup dropped their price target on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Truist Financial reduced their price target on Datadog from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $158.70.

Insider Activity at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares of the company's stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company's stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 626,412 shares of company stock worth $79,144,334 over the last ninety days. Insiders own 11.78% of the company's stock.

Datadog Trading Down 2.4 %

Datadog stock traded down $2.61 during trading hours on Wednesday, reaching $107.97. 2,258,577 shares of the stock were exchanged, compared to its average volume of 4,097,107. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The company has a market cap of $37.01 billion, a P/E ratio of 211.71, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The stock has a 50 day moving average of $125.84 and a two-hundred day moving average of $131.03.

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

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.