Howard Capital Management Inc. Has $961,000 Stake in Datadog, Inc. (NASDAQ:DDOG)

Howard Capital Management Inc. grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,727 shares of the company’s stock after buying an additional 202 shares during the period. Howard Capital Management Inc.’s holdings in Datadog were worth $961,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC raised its holdings in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after acquiring an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Datadog by 15.8% during the fourth 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 period. Holocene Advisors LP raised its stake in shares of Datadog by 205.2% in the third 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 in the last quarter. Champlain Investment Partners LLC bought a new position in Datadog in the third quarter worth $52,561,000. Finally, Eagle Asset Management Inc. boosted its stake in Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after buying an additional 384,121 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $119.67 on Monday. The business’s fifty day moving average price is $142.18 and its two-hundred day moving average price is $131.92. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 234.66, a PEG ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’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 sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock valued at $82,904,025 over the last ninety days. Insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDOG. Mizuho increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of Datadog in a research note on Friday, February 14th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, November 7th. Finally, DA Davidson raised their target price on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One research 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. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price 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.