WINTON GROUP Ltd Makes New $1.20 Million Investment in Datadog, Inc. (NASDAQ:DDOG)

WINTON GROUP Ltd bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 9,237 shares of the company’s stock, valued at approximately $1,198,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Datadog by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after acquiring an additional 171,693 shares in the last quarter. Sands Capital Management LLC boosted its position in shares of Datadog by 3.7% during the fourth quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock valued at $554,073,000 after purchasing an additional 162,108 shares in the last quarter. Norges Bank purchased a new stake in Datadog in the fourth quarter worth $384,986,000. 1832 Asset Management L.P. raised its holdings in Datadog by 47.9% in the fourth quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock worth $317,955,000 after purchasing an additional 848,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Datadog by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock valued at $138,518,000 after buying an additional 172,887 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 0.3 %

NASDAQ DDOG opened at $109.26 on Monday. The company has a 50-day moving average price of $116.11 and a 200-day moving average price of $120.08. Datadog, Inc. has a 52 week low of $77.81 and a 52 week high of $138.61. The firm has a market capitalization of $36.55 billion, a P/E ratio of 341.44, a PEG ratio of 27.84 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.41 EPS for the current year.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the sale, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the transaction, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $130.75, for a total transaction of $16,618,978.75. Following the sale, the chief technology officer now owns 279,025 shares in the company, valued at $36,482,518.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 561,997 shares of company stock valued at $68,517,631. 11.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research report on Monday, July 22nd. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price target on Datadog from $140.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. UBS Group raised their price objective on Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Evercore ISI initiated coverage on Datadog in a research note on Monday, July 15th. They set an “outperform” rating and a $150.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $139.88.

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.