Candriam S.C.A. Has $38.02 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Candriam S.C.A. lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 266,067 shares of the company’s stock after buying an additional 7,637 shares during the quarter. Candriam S.C.A. owned about 0.08% of Datadog worth $38,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. raised its stake in Datadog by 15.8% during 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 during the last quarter. Jennison Associates LLC raised its stake in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the last quarter. Geode Capital Management LLC raised its stake in Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after purchasing an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after purchasing an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in Datadog by 205.2% during the 3rd 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 during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction 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 represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 589,353 shares of company stock valued at $86,544,020 in the last ninety days. 11.78% of the stock is currently owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $115.09 on Thursday. The company has a market capitalization of $39.45 billion, a price-to-earnings ratio of 225.67, a P/E/G ratio of 44.03 and a beta of 1.22. The firm’s 50 day simple moving average is $136.50 and its 200 day simple moving average is $131.85. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

DDOG has been the topic of several analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. BMO Capital Markets boosted their price target on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Loop Capital boosted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Barclays lowered their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

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.