Jackson Square Capital LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Jackson Square Capital LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,813 shares of the company’s stock, valued at approximately $1,116,000.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Datadog by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 306,402 shares of the company’s stock valued at $39,735,000 after purchasing an additional 29,890 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Datadog by 156.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,208 shares of the company’s stock valued at $1,196,000 after buying an additional 5,615 shares in the last quarter. Amalgamated Bank grew its position in shares of Datadog by 6.5% in the 2nd quarter. Amalgamated Bank now owns 20,202 shares of the company’s stock worth $2,620,000 after buying an additional 1,236 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Datadog by 3.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,423 shares of the company’s stock worth $1,999,000 after buying an additional 486 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of Datadog by 6.0% in the 2nd quarter. Blair William & Co. IL now owns 33,241 shares of the company’s stock worth $4,311,000 after acquiring an additional 1,869 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Trading Up 1.2 %

Datadog stock opened at $138.40 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The firm has a market capitalization of $47.02 billion, a price-to-earnings ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14. The firm has a 50 day moving average of $146.03 and a 200 day moving average of $128.62.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,679 shares of company stock valued at $88,668,671 over the last three months. Corporate insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DDOG. TD Cowen reaffirmed a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Citigroup lifted their price target on Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday. Loop Capital increased their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Barclays raised their price objective on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Truist Financial downgraded shares of Datadog from a “buy” rating to a “hold” rating and dropped their target price for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $158.45.

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.