Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,727 shares of the company’s stock after acquiring an additional 37,490 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Datadog were worth $17,666,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. EFG Asset Management Americas Corp. lifted its stake in Datadog by 5.4% during the 4th quarter. EFG Asset Management Americas Corp. now owns 25,199 shares of the company’s stock worth $3,601,000 after acquiring an additional 1,284 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Datadog during the 4th quarter worth about $583,000. Ashton Thomas Private Wealth LLC lifted its stake in Datadog by 6.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,648 shares of the company’s stock worth $521,000 after acquiring an additional 228 shares in the last quarter. Callan Family Office LLC acquired a new position in Datadog during the 4th quarter worth about $1,108,000. Finally, E Fund Management Co. Ltd. lifted its stake in Datadog by 279.5% during the 4th quarter. E Fund Management Co. Ltd. now owns 11,017 shares of the company’s stock worth $1,574,000 after acquiring an additional 8,114 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of a number of analyst reports. Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Truist Financial reduced their price target on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Activity

In other news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % 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 three months. 11.78% of the stock is currently owned by company insiders.

Datadog Trading Down 1.6 %

Shares of DDOG stock opened at $109.63 on Friday. The business’s 50 day moving average is $135.05 and its two-hundred day moving average is $131.76. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The company has a market capitalization of $37.58 billion, a P/E ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted its quarterly 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 net margin of 6.85% and a return on equity of 8.28%. As a group, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.