Sanctuary Advisors LLC Increases Stake in Datadog, Inc. (NASDAQ:DDOG)

Sanctuary Advisors LLC raised its position in Datadog, Inc. (NASDAQ:DDOG) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,817 shares of the company’s stock after purchasing an additional 799 shares during the period. Sanctuary Advisors LLC’s holdings in Datadog were worth $2,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Datadog by 151.9% in the 4th quarter. Principal Financial Group Inc. now owns 331,338 shares of the company’s stock valued at $47,345,000 after purchasing an additional 199,793 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in 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 in the last quarter. J.W. Cole Advisors Inc. purchased a new position in Datadog in the 4th quarter valued at $294,000. Allworth Financial LP lifted its holdings in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Datadog by 32.1% in the 4th quarter. Principal Securities Inc. now owns 8,260 shares of the company’s stock valued at $1,180,000 after purchasing an additional 2,009 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock opened at $119.67 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a market cap of $40.66 billion, a PE ratio of 234.66, a P/E/G ratio of 44.03 and a beta of 1.15. The business has a 50-day simple moving average of $142.18 and a 200-day simple moving average of $131.76.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on DDOG shares. Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Macquarie reiterated an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. TD Cowen reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. DA Davidson lifted their price target on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Robert W. Baird lifted their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.39.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is currently owned by corporate insiders.

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.