Intech Investment Management LLC Has $1 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Intech Investment Management LLC decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 56.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,010 shares of the company’s stock after selling 9,074 shares during the quarter. Intech Investment Management LLC’s holdings in Datadog were worth $1,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Datadog in the 4th quarter valued at about $14,884,000. ARK Investment Management LLC raised its stake in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after purchasing an additional 49,050 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after purchasing an additional 30,998 shares during the period. Baillie Gifford & Co. raised its stake in shares of Datadog by 15.8% in the 4th 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. Finally, Atom Investors LP acquired a new stake in shares of Datadog in the 3rd quarter valued at about $1,112,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DDOG. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Barclays lowered their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Loop Capital lifted their target price on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Trading Up 1.8 %

NASDAQ DDOG opened at $105.03 on Friday. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08. The company has a 50 day moving average of $126.97 and a 200-day moving average of $130.85. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 205.95, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released 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%. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred 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 directly owns 324,778 shares in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 626,412 shares of company stock worth $79,144,334. Corporate insiders own 11.78% of the company’s stock.

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.