Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 81.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300 shares of the company’s stock after selling 1,332 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Datadog were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DDOG. Jennison Associates LLC raised its position in shares of Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Holocene Advisors LP raised its position in shares of Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Datadog during the 3rd quarter worth about $52,561,000. Finally, Eagle Asset Management Inc. raised its position in shares of Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after purchasing an additional 384,121 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Citigroup cut their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. TD Cowen reiterated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. DA Davidson increased their price objective on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Down 2.9 %

Shares of DDOG stock opened at $113.17 on Tuesday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market capitalization of $38.45 billion, a PE ratio of 221.91, a P/E/G ratio of 44.03 and a beta of 1.15. The firm has a 50 day moving average of $137.83 and a two-hundred day moving average of $131.97.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (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%. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 in the last ninety days. 11.78% of the stock is owned by corporate insiders.

Datadog Company 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.