TCW Group Inc. Trims Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

TCW Group Inc. cut its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,944 shares of the company's stock after selling 36,200 shares during the quarter. TCW Group Inc. owned approximately 0.06% of Datadog worth $26,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. boosted its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new position in Datadog during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird lifted their price objective on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Truist Financial reduced their target price on Datadog from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Jefferies Financial Group raised their target price on Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Citigroup reduced 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average price target of $158.70.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 556,674 shares of company stock valued at $82,904,025. Company insiders own 11.78% of the company's stock.

Datadog Price Performance

Shares of Datadog stock traded down $1.61 during trading on Wednesday, hitting $113.37. 6,567,873 shares of the company's stock traded hands, compared to its average volume of 5,335,117. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The business has a 50-day simple moving average of $140.58 and a 200-day simple moving average of $131.97. The stock has a market capitalization of $38.51 billion, a P/E ratio of 222.30, a PEG ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts predict 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.