Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,489 shares of the company’s stock after acquiring an additional 2,451 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Datadog were worth $10,358,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DDOG. Jennison Associates LLC raised its stake in shares of 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 purchasing an additional 3,005,300 shares in the last quarter. Baillie Gifford & Co. increased 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 last quarter. Holocene Advisors LP raised its stake in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Champlain Investment Partners LLC bought a new position in Datadog during the 3rd quarter worth approximately $52,561,000. Finally, Eagle Asset Management Inc. grew its position in shares of Datadog by 72.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 589,353 shares of company stock worth $86,544,020. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DDOG. Jefferies Financial Group upped their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. TD Cowen reiterated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Finally, Truist Financial decreased their target price on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Down 3.2 %

Shares of Datadog stock opened at $111.46 on Friday. The business has a fifty day simple moving average of $135.78 and a 200-day simple moving average of $131.71. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market cap of $38.20 billion, a price-to-earnings ratio of 218.55, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.