Baillie Gifford & Co. Sells 72,893 Shares of Datadog, Inc. (NASDAQ:DDOG)

Baillie Gifford & Co. trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.8% in the third quarter, Holdings Channel reports. The fund owned 9,420,571 shares of the company’s stock after selling 72,893 shares during the quarter. Datadog comprises approximately 0.8% of Baillie Gifford & Co.’s investment portfolio, making the stock its 28th biggest holding. Baillie Gifford & Co.’s holdings in Datadog were worth $1,083,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its holdings in Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC raised its position in shares of Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after buying an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Datadog by 1.2% during the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after buying an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Datadog by 31.6% during the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after buying an additional 104 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

DDOG opened at $122.36 on Tuesday. Datadog, Inc. has a one year low of $98.80 and a one year high of $138.61. The stock has a market capitalization of $41.25 billion, a P/E ratio of 230.87, a price-to-earnings-growth ratio of 22.72 and a beta of 1.10. The company’s 50 day simple moving average is $119.79 and its 200-day simple moving average is $119.46.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the transaction, the chief executive officer now directly owns 392,111 shares of the company’s stock, valued at approximately $48,076,729.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.61, for a total transaction of $10,499,952.57. Following the sale, the chief executive officer now directly owns 392,111 shares in the company, valued at $48,076,729.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the sale, the director now owns 451,533 shares in the company, valued at approximately $57,195,685.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 317,186 shares of company stock valued at $39,962,314. 11.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

DDOG has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of Datadog in a research report on Monday, July 15th. They set an “outperform” rating and a $150.00 price objective for the company. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Thursday, November 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Monday, July 22nd. Barclays increased their price target on shares of Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.96.

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.