Robocap Asset Management Ltd Decreases Position in Datadog, Inc. (NASDAQ:DDOG)

Robocap Asset Management Ltd lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 63.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,346 shares of the company’s stock after selling 88,371 shares during the period. Datadog accounts for 4.9% of Robocap Asset Management Ltd’s portfolio, making the stock its 9th largest holding. Robocap Asset Management Ltd’s holdings in Datadog were worth $7,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DDOG. Sanctuary Advisors LLC bought a new stake in shares of Datadog in the second quarter valued at about $954,000. GAMMA Investing LLC lifted its stake in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after acquiring an additional 92 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Datadog during the 3rd quarter worth approximately $441,000. CWM LLC grew its stake in shares of Datadog by 69.1% during the 3rd quarter. CWM LLC now owns 10,347 shares of the company’s stock worth $1,190,000 after acquiring an additional 4,229 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Datadog by 11.5% in the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock valued at $243,000 after purchasing an additional 205 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Loop Capital lifted their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Jefferies Financial Group upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Citigroup lifted their price target on Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Truist Financial lowered Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.59.

Insider Buying and Selling at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now directly owns 695,086 shares in the company, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 780,979 shares of company stock valued at $111,869,206. 11.78% of the stock is currently owned by corporate insiders.

Datadog Trading Down 1.5 %

NASDAQ DDOG opened at $142.65 on Friday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a market capitalization of $48.46 billion, a price-to-earnings ratio of 269.16, a P/E/G ratio of 16.59 and a beta of 1.15. The firm’s 50 day simple moving average is $147.26 and its 200 day simple moving average is $130.10.

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.