Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,076 shares of the company’s stock after purchasing an additional 28,394 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Datadog worth $30,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. lifted its stake in Datadog by 68.4% during the fourth quarter. QRG Capital Management Inc. now owns 7,665 shares of the company’s stock valued at $930,000 after buying an additional 3,113 shares in the last quarter. Jump Financial LLC acquired a new position in Datadog in the 4th quarter worth approximately $7,437,000. Qsemble Capital Management LP acquired a new position in Datadog in the 4th quarter worth approximately $4,503,000. 1888 Investments LLC purchased a new position in Datadog during the 4th quarter worth approximately $822,000. Finally, Mount Lucas Management LP acquired a new stake in Datadog during the 4th quarter valued at $241,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DDOG shares. Mizuho lifted their price target on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $152.00 price target on shares of Datadog in a research report on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research report on Monday, May 6th. Truist Financial increased their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their price target on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.50.

Get Our Latest Report on DDOG

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 42,080 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $5,410,646.40. Following the completion of the transaction, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $43,363,219.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, General Counsel Kerry Acocella sold 6,538 shares of Datadog stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $840,656.04. Following the completion of the sale, the general counsel now directly owns 66,402 shares of the company’s stock, valued at approximately $8,537,969.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 42,080 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $5,410,646.40. Following the sale, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,363,219.26. The disclosure for this sale can be found here. Insiders have sold a total of 693,476 shares of company stock worth $86,608,694 in the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Down 6.2 %

Shares of DDOG opened at $110.18 on Friday. The business’s 50 day simple moving average is $122.87 and its 200-day simple moving average is $122.75. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company has a market capitalization of $36.86 billion, a P/E ratio of 344.31, a PEG ratio of 45.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, sell-side analysts predict that Datadog, Inc. will post 0.27 EPS for the current fiscal year.

Datadog Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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