Compass Capital Corp MA ADV Invests $257,000 in Datadog, Inc. (NASDAQ:DDOG)

Compass Capital Corp MA ADV bought a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,817 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors also recently made changes to their positions in DDOG. Jennison Associates LLC increased its position in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after acquiring an additional 3,005,300 shares during the last quarter. Baillie Gifford & Co. grew its stake in 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. Holocene Advisors LP increased its position in shares of Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Datadog during the 3rd quarter worth $52,561,000. Finally, Eagle Asset Management Inc. boosted its holdings 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 buying an additional 384,121 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Trading Down 5.2 %

Shares of NASDAQ DDOG opened at $119.67 on Friday. The business has a 50-day moving average of $142.18 and a 200-day moving average of $131.57. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 234.66, a PEG ratio of 44.94 and a beta of 1.15. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DDOG. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Robert W. Baird raised their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. TD Cowen reissued a “buy” rating and issued a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.39.

Insider Activity at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 over the last 90 days. 11.78% of the stock is owned by insiders.

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.