Schroder Investment Management Group Sells 2,625,633 Shares of Datadog, Inc. (NASDAQ:DDOG)

Schroder Investment Management Group trimmed its stake in Datadog, Inc. (NASDAQ:DDOG) by 84.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,771 shares of the company’s stock after selling 2,625,633 shares during the period. Schroder Investment Management Group owned 0.14% of Datadog worth $68,983,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after purchasing an additional 75 shares in the last quarter. Spire Wealth Management increased its stake in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after buying an additional 80 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock valued at $265,000 after acquiring an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after acquiring an additional 94 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

DDOG stock opened at $99.21 on Tuesday. Datadog, Inc. has a 12 month low of $96.63 and a 12 month high of $170.08. The firm’s 50-day moving average is $123.01 and its 200 day moving average is $130.88. The company has a market capitalization of $34.01 billion, a PE ratio of 194.53, a P/E/G 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 earnings per share 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%. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on DDOG shares. Rosenblatt Securities boosted their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Jefferies Financial Group cut their target price on shares of Datadog from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday. Barclays decreased their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised their price objective on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company’s stock, valued at $27,612,527.04. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is currently owned by company insiders.

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.