Metis Global Partners LLC Acquires 359 Shares of Datadog, Inc. (NASDAQ:DDOG)

Metis Global Partners LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,850 shares of the company’s stock after acquiring an additional 359 shares during the period. Metis Global Partners LLC’s holdings in Datadog were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Baillie Gifford & Co. lifted 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 last quarter. Jennison Associates LLC raised its holdings in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after buying an additional 3,005,300 shares during the period. Geode Capital Management LLC lifted its position in Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after buying an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after buying an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP boosted 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 worth $187,878,000 after buying an additional 1,097,815 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DDOG. Truist Financial reduced their target price on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Rosenblatt Securities boosted their target price on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Price Performance

Shares of DDOG stock opened at $115.09 on Thursday. The stock’s 50-day moving average is $136.50 and its 200 day moving average is $131.85. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market cap of $39.45 billion, a P/E ratio of 225.67, 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, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 589,353 shares of company stock worth $86,544,020 over the last three months. 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.