BDF Gestion Purchases 10,540 Shares of Datadog, Inc. (NASDAQ:DDOG)

BDF Gestion increased its position in Datadog, Inc. (NASDAQ:DDOG) by 31.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,562 shares of the company’s stock after buying an additional 10,540 shares during the quarter. BDF Gestion’s holdings in Datadog were worth $6,367,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. 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 valued at $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC bought a new position in Datadog during the 3rd quarter valued at $52,561,000. Eagle Asset Management Inc. lifted its stake in Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after acquiring an additional 384,121 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Datadog by 51.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock worth $69,985,000 after acquiring an additional 206,696 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Datadog by 199.7% in the 4th quarter. KBC Group NV now owns 298,225 shares of the company’s stock worth $42,614,000 after acquiring an additional 198,718 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $145.72 on Thursday. The firm has a market capitalization of $49.50 billion, a P/E ratio of 274.95, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a fifty day moving average price of $148.05 and a 200-day moving average price of $129.18.

Insiders Place Their Bets

In related news, President Amit Agarwal sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the sale, the president now owns 214,275 shares in the company, valued at $27,005,078.25. The trade was a 41.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 653,874 shares of company stock worth $93,721,154 in the last ninety days. 11.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDOG. Sanford C. Bernstein cut their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. DA Davidson boosted their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, November 7th. Stifel Nicolaus lowered Datadog from a “buy” rating to a “hold” rating and dropped their price target for the stock from $165.00 to $140.00 in a report on Wednesday. Finally, Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $157.59.

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.