Royal London Asset Management Ltd. Acquires 8,142 Shares of Datadog, Inc. (NASDAQ:DDOG)

Royal London Asset Management Ltd. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 142,479 shares of the company’s stock after purchasing an additional 8,142 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Datadog were worth $20,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DDOG. Quest Partners LLC raised its holdings in shares of Datadog by 2,323.9% in the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock valued at $128,000 after buying an additional 1,069 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Datadog in the third quarter valued at about $1,081,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Datadog by 15.6% in the third quarter. First Horizon Advisors Inc. now owns 940 shares of the company’s stock valued at $108,000 after buying an additional 127 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

DDOG has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Guggenheim reissued a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. Finally, Barclays dropped their price objective on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Up 1.8 %

NASDAQ:DDOG opened at $105.03 on Friday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The business has a 50 day moving average price of $126.97 and a two-hundred day moving average price of $130.72. The company has a market cap of $36.00 billion, a P/E ratio of 205.95, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its quarterly 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 return on equity of 8.28% and a net margin of 6.85%. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, President Amit Agarwal sold 25,000 shares of the stock in a transaction that occurred on 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 owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 626,412 shares of company stock valued at $79,144,334. 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.