Glynn Capital Management LLC Has $21.70 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Glynn Capital Management LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 38.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,837 shares of the company’s stock after selling 95,582 shares during the quarter. Datadog comprises 5.1% of Glynn Capital Management LLC’s holdings, making the stock its 8th largest holding. Glynn Capital Management LLC’s holdings in Datadog were worth $21,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. ARK Investment Management LLC lifted its position in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after purchasing an additional 49,050 shares during the period. Proficio Capital Partners LLC bought a new position in Datadog during the fourth quarter worth $14,884,000. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after buying an additional 1,484,562 shares during the period. Y Intercept Hong Kong Ltd boosted its position in Datadog by 140.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after acquiring an additional 30,998 shares during the last quarter. Finally, Atom Investors LP acquired a new stake in Datadog during the 3rd quarter worth about $1,112,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

DDOG opened at $102.93 on Wednesday. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The firm has a market capitalization of $35.28 billion, a P/E ratio of 201.83, a PEG ratio of 44.03 and a beta of 1.22. The company’s 50-day moving average is $129.20 and its 200 day moving average is $131.18.

Datadog (NASDAQ:DDOG) last posted 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%. On average, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock worth $79,144,334 in the last quarter. 11.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DDOG. Morgan Stanley restated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Loop Capital increased their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Citigroup reduced their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Jefferies Financial Group boosted their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Macquarie restated an “outperform” rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. One 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.