Datadog, Inc. (NASDAQ:DDOG) Stake Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,393 shares of the company's stock after selling 119,965 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Datadog worth $29,679,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in shares of Datadog by 78,000.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company's stock valued at $270,000 after acquiring an additional 2,340 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Datadog by 29.8% in the third quarter. Janus Henderson Group PLC now owns 22,851 shares of the company's stock worth $2,629,000 after buying an additional 5,252 shares during the period. IHT Wealth Management LLC acquired a new stake in shares of Datadog in the third quarter valued at about $239,000. Quarry LP acquired a new stake in shares of Datadog in the third quarter valued at about $33,000. Finally, Quantinno Capital Management LP lifted its position in Datadog by 12.0% during the 3rd quarter. Quantinno Capital Management LP now owns 22,435 shares of the company's stock worth $2,581,000 after acquiring an additional 2,410 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDOG. Barclays lowered their price objective on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Wolfe Research lowered shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada lifted their target price on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One equities research 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.67.

Datadog Stock Down 1.2 %

DDOG stock traded down $1.16 during midday trading on Friday, reaching $92.02. The company had a trading volume of 5,656,680 shares, compared to its average volume of 4,322,701. The firm has a market capitalization of $31.54 billion, a PE ratio of 180.43, a P/E/G ratio of 44.03 and a beta of 1.20. The stock has a 50 day moving average price of $112.08 and a 200 day moving average price of $129.18. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data 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 net margin of 6.85% and a return on equity of 8.28%. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

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