Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Prudential PLC

Prudential PLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 127.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,450 shares of the company’s stock after acquiring an additional 35,041 shares during the period. Prudential PLC’s holdings in Datadog were worth $8,923,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DDOG. Townsquare Capital LLC raised its position in shares of Datadog by 50.5% in the third quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock valued at $330,000 after buying an additional 963 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Datadog by 3.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock valued at $1,746,000 after acquiring an additional 511 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Datadog by 16.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,349 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Datadog by 78,000.0% during the third quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company’s stock worth $270,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Datadog in the third quarter valued at $291,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on 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 transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock valued at $75,444,584 in the last quarter. Insiders own 11.78% of the company’s stock.

Datadog Stock Down 6.9 %

Shares of NASDAQ DDOG opened at $87.93 on Friday. The stock’s 50 day moving average price is $119.52 and its two-hundred day moving average price is $130.21. Datadog, Inc. has a 52-week low of $86.57 and a 52-week high of $170.08. The stock has a market capitalization of $30.14 billion, a P/E ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last announced 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%. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on DDOG. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. DA Davidson boosted their target price on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Mizuho boosted 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. Finally, Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.22.

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.