Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 113.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,670 shares of the company's stock after acquiring an additional 22,140 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Datadog were worth $5,954,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after buying an additional 1,484,562 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $173,163,000. Holocene Advisors LP lifted 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 worth $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Datadog during the third quarter worth $52,561,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In other news, President Amit Agarwal sold 25,000 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares of the company's stock, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the transaction, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock valued at $79,144,334 over the last quarter. 11.78% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts have commented on DDOG shares. JMP Securities reiterated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. 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 report on Friday, January 3rd. DA Davidson raised 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. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $143.00 price target on shares of Datadog in a research 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 given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $158.70.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $2.61 during trading hours on Wednesday, hitting $107.97. The company's stock had a trading volume of 2,258,650 shares, compared to its average volume of 4,097,107. The firm's fifty day moving average price is $125.84 and its 200 day moving average price is $131.03. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The company has a market capitalization of $37.01 billion, a price-to-earnings ratio of 211.71, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its 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%. On average, equities research 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.