O Shaughnessy Asset Management LLC Purchases 4,213 Shares of Datadog, Inc. (NASDAQ:DDOG)

O Shaughnessy Asset Management LLC lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 35.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,071 shares of the company’s stock after acquiring an additional 4,213 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Datadog were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in Datadog during the fourth quarter worth $43,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Datadog by 158.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 762,583 shares of the company’s stock worth $108,965,000 after buying an additional 466,985 shares during the last quarter. Allianz SE acquired a new stake in Datadog in the fourth quarter valued at about $179,000. Allstate Corp bought a new position in Datadog in the fourth quarter valued at about $1,179,000. Finally, Orion Portfolio Solutions LLC raised its stake in Datadog by 46.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,234 shares of the company’s stock worth $1,462,000 after acquiring an additional 3,260 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock worth $75,444,584 over the last three months. 11.78% of the stock is currently owned by insiders.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $87.93 on Friday. Datadog, Inc. has a 52-week low of $86.57 and a 52-week high of $170.08. The business’s 50 day simple moving average is $119.52 and its two-hundred day simple moving average is $130.21. The firm has a market cap of $30.14 billion, a P/E ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) 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%. On average, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DDOG shares. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and lowered their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Loop Capital increased their price target on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Cantor Fitzgerald began coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price for the company. Finally, Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.22.

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.