AtonRa Partners Has $549,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

AtonRa Partners trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,522 shares of the company’s stock after selling 725 shares during the period. Datadog makes up approximately 1.1% of AtonRa Partners’ investment portfolio, making the stock its 27th largest position. AtonRa Partners’ holdings in Datadog were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DDOG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $189,668,000. Alkeon Capital Management LLC acquired a new stake in shares of Datadog in the 3rd quarter valued at $127,526,000. Vanguard Group Inc. increased its stake in shares of Datadog by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after purchasing an additional 1,191,742 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Datadog during the 3rd quarter worth $44,939,000. Finally, Eagle Asset Management Inc. lifted its position in shares of Datadog by 83.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock worth $97,396,000 after buying an additional 486,582 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

DDOG stock traded down $2.38 during midday trading on Monday, reaching $129.07. 2,730,523 shares of the company’s stock traded hands, compared to its average volume of 4,031,186. The firm has a market capitalization of $42.83 billion, a PE ratio of 1,095.42 and a beta of 1.16. The company has a 50-day moving average price of $125.25 and a two-hundred day moving average price of $117.39. Datadog, Inc. has a 52 week low of $63.00 and a 52 week high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. As a group, equities analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CRO Sean Michael Walters sold 20,692 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the transaction, the executive now directly owns 182,593 shares in the company, valued at $23,477,807.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Madre Armelle De sold 600 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the sale, the insider now owns 100,353 shares in the company, valued at approximately $12,578,245.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Sean Michael Walters sold 20,692 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,660,577.36. Following the completion of the sale, the executive now directly owns 182,593 shares of the company’s stock, valued at approximately $23,477,807.94. The disclosure for this sale can be found here. Insiders have sold a total of 759,908 shares of company stock valued at $97,728,997 in the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on DDOG shares. William Blair reissued an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Royal Bank of Canada increased their price objective on shares of Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial boosted their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $131.70.

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.