Zevenbergen Capital Investments LLC Sells 10,770 Shares of Datadog, Inc. (NASDAQ:DDOG)

Zevenbergen Capital Investments LLC lowered its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 211,685 shares of the company's stock after selling 10,770 shares during the period. Zevenbergen Capital Investments LLC owned 0.06% of Datadog worth $30,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $14,884,000. ARK Investment Management LLC raised its holdings in Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock worth $18,188,000 after acquiring an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in 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 in the last quarter. Baillie Gifford & Co. boosted its stake 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 purchasing an additional 1,484,562 shares during the last quarter. Finally, Atom Investors LP bought a new stake in shares of Datadog in the 3rd quarter worth $1,112,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Citigroup dropped their price target on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. DA Davidson boosted their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. Finally, Rosenblatt Securities lifted their target price on shares of Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.70.

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Datadog Stock Down 3.6 %

NASDAQ DDOG traded down $3.75 during trading hours on Friday, reaching $101.10. The company's stock had a trading volume of 3,793,178 shares, compared to its average volume of 4,189,762. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 198.24, a PEG ratio of 44.03 and a beta of 1.22. The firm's 50-day moving average price is $123.79 and its 200-day moving average price is $130.65.

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

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the company'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 sale, the director now directly owns 195,667 shares in the company, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly 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 position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 in the last 90 days. 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.