Axiom Investors LLC DE Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Axiom Investors LLC DE bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,239 shares of the company’s stock, valued at approximately $2,320,000.

A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new position in Datadog in the 4th quarter worth approximately $462,910,000. Jennison Associates LLC increased its stake in shares of Datadog by 47.9% in 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. Baillie Gifford & Co. raised its position in shares of Datadog by 15.8% during the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after acquiring an additional 1,484,562 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Datadog during the fourth quarter valued at $173,163,000. Finally, Holocene Advisors LP boosted its holdings in Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Down 1.9 %

Shares of DDOG stock opened at $99.21 on Tuesday. The firm’s fifty day moving average price is $123.01 and its two-hundred day moving average price is $130.88. Datadog, Inc. has a 1 year low of $96.63 and a 1 year high of $170.08. The firm has a market capitalization of $34.01 billion, a P/E ratio of 194.53, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction 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 sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the transaction, the director now directly owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 601,412 shares of company stock valued at $75,444,584. 11.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the topic of several recent research reports. DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Macquarie reaffirmed an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Royal Bank of Canada lifted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Datadog 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.