Robeco Institutional Asset Management B.V. Has $63.34 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,249 shares of the company’s stock after selling 165,003 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Datadog were worth $63,336,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Sumitomo Life Insurance Co. increased its stake in Datadog by 77.1% during the 4th quarter. Sumitomo Life Insurance Co. now owns 20,598 shares of the company’s stock valued at $2,943,000 after purchasing an additional 8,969 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in shares of Datadog during the fourth quarter valued at approximately $430,000. Perigon Wealth Management LLC increased its position in shares of Datadog by 29.0% during the 4th quarter. Perigon Wealth Management LLC now owns 2,294 shares of the company’s stock valued at $314,000 after purchasing an additional 516 shares during the last quarter. Nilsine Partners LLC purchased a new position in shares of Datadog in the 4th quarter worth about $346,000. Finally, Slow Capital Inc. purchased a new position in Datadog in the fourth quarter valued at about $3,842,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

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

Datadog Trading Down 4.1 %

Shares of NASDAQ:DDOG opened at $145.72 on Thursday. The stock has a fifty day simple moving average of $148.05 and a two-hundred day simple moving average of $129.18. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The stock has a market capitalization of $49.50 billion, a price-to-earnings ratio of 274.95, a PEG ratio of 16.28 and a beta of 1.14.

Analysts Set New Price Targets

DDOG has been the subject of several research reports. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Scotiabank decreased their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Robert W. Baird upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley restated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Finally, Sanford C. Bernstein decreased their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.59.

About Datadog

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.