Xponance Inc. Buys 4,965 Shares of Datadog, Inc. (NASDAQ:DDOG)

Xponance Inc. increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,363 shares of the company’s stock after purchasing an additional 4,965 shares during the period. Xponance Inc.’s holdings in Datadog were worth $8,054,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DDOG. Jennison Associates LLC increased its position in shares of Datadog by 47.9% in the fourth 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. increased its position in shares of Datadog by 15.8% in the fourth 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. William Blair Investment Management LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $173,163,000. Holocene Advisors LP increased its position 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 worth $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Datadog in the third quarter worth approximately $52,561,000. 78.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Datadog news, President Amit Agarwal sold 25,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares of the company’s stock, valued at $37,986,009.75. The trade was a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 626,412 shares of company stock worth $79,144,334. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Down 1.0 %

DDOG opened at $102.93 on Wednesday. The stock has a fifty day simple moving average of $129.20 and a two-hundred day simple moving average of $131.18. The company has a market cap of $35.28 billion, a price-to-earnings ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DDOG. Truist Financial reduced their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Rosenblatt Securities increased their price target on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Finally, Barclays reduced their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.