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

Metis Global Partners LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in Datadog by 172.2% in the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after purchasing an additional 24,574 shares in the last quarter. Heritage Investors Management Corp bought a new position in shares of Datadog in the 3rd quarter worth about $1,157,000. ARK Investment Management LLC increased its stake in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after acquiring an additional 49,050 shares in the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in Datadog by 140.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock worth $7,590,000 after acquiring an additional 30,998 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $115.09 on Thursday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The firm has a market capitalization of $39.45 billion, a PE ratio of 225.67, a P/E/G ratio of 44.03 and a beta of 1.22. The stock has a 50-day simple moving average of $136.50 and a two-hundred day simple moving average of $131.85.

Datadog (NASDAQ:DDOG) last released its 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%. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Robert W. Baird boosted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Truist Financial dropped their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares in the company, valued at $28,956,759.33. This trade represents a 11.33 % 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 valued at $86,544,020 over the last 90 days. Company insiders own 11.78% of the company’s stock.

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.