Schroder Investment Management Group Has $68.98 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Schroder Investment Management Group reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 84.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 482,771 shares of the company's stock after selling 2,625,633 shares during the quarter. Schroder Investment Management Group owned about 0.14% of Datadog worth $68,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DDOG. Proficio Capital Partners LLC acquired a new stake in shares of Datadog during the fourth quarter worth $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 during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Datadog by 140.1% in 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 last quarter. Baillie Gifford & Co. raised its position in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Finally, Atom Investors LP bought a new position in Datadog during the 3rd quarter worth approximately $1,112,000. Institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

DDOG traded down $6.54 during trading on Friday, reaching $87.93. 7,711,365 shares of the stock were exchanged, compared to its average volume of 4,233,434. The stock has a market cap of $30.14 billion, a P/E ratio of 172.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The stock's 50 day moving average price is $119.52 and its two-hundred day moving average price is $130.21. Datadog, Inc. has a twelve month low of $86.19 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DDOG shares. Truist Financial lowered their target price on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research note on Monday. Loop Capital raised their price objective on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. DA Davidson lifted their target price on Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Morgan Stanley restated an "equal weight" rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Finally, Barclays decreased their price objective on Datadog from $187.00 to $180.00 and set an "overweight" 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 given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.22.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 25,000 shares of the business's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company's stock, valued at $27,612,527.04. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock worth $75,444,584 over the last ninety days. 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.