Schroder Investment Management Group Sells 2,625,633 Shares of Datadog, Inc. (NASDAQ:DDOG)

Schroder Investment Management Group cut its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 84.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 482,771 shares of the company's stock after selling 2,625,633 shares during the period. Schroder Investment Management Group owned about 0.14% of Datadog worth $68,983,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DDOG. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC grew its stake in shares of Datadog by 55.9% during 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 during the last quarter. Quarry LP bought a new stake in shares of Datadog in the 3rd quarter valued at about $33,000. Finally, Kieckhefer Group LLC purchased a new stake in Datadog during the 4th quarter valued at about $43,000. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent analyst reports. Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Stifel Nicolaus lowered 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 boosted their price target on Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.22.

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Datadog Stock Down 4.2 %

Datadog stock traded down $3.93 during trading hours on Friday, hitting $90.54. The stock had a trading volume of 2,317,191 shares, compared to its average volume of 4,208,414. The stock's 50-day moving average price is $120.58 and its 200-day moving average price is $130.37. Datadog, Inc. has a 12-month low of $86.65 and a 12-month high of $170.08. The stock has a market capitalization of $31.03 billion, a P/E ratio of 176.41, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

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

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Sean Michael Walters sold 8,454 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock valued at $75,444,584 in the last 90 days. Company insiders own 11.78% of the company's stock.

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.