1,817 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Compass Capital Corp MA ADV

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

A number of other institutional investors have also recently made changes to their positions in DDOG. Los Angeles Capital Management LLC increased its stake in shares of 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 buying an additional 24,574 shares during the period. Heritage Investors Management Corp bought a new stake in Datadog in the 3rd quarter worth $1,157,000. Baillie Gifford & Co. increased its position in shares of Datadog by 15.8% in the fourth 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. Atom Investors LP bought a new position in shares of Datadog during the third quarter valued at about $1,112,000. Finally, Parnassus Investments LLC boosted its holdings in shares of Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after purchasing an additional 40,952 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DDOG. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Barclays reduced their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. DA Davidson upped their target price on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Mizuho lifted their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Loop Capital upped their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.39.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $119.67 on Friday. The business has a fifty day moving average price of $142.18 and a 200 day moving average price of $131.57. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The stock has a market capitalization of $40.66 billion, a P/E ratio of 234.66, a price-to-earnings-growth ratio of 44.94 and a beta of 1.15.

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

Insider Activity at Datadog

In related news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at approximately $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock valued at $82,904,025 in the last ninety days. Corporate 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.