Glynn Capital Management LLC Has $37.01 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Glynn Capital Management LLC lowered its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,924 shares of the company’s stock after selling 7,585 shares during the quarter. Datadog makes up approximately 6.9% of Glynn Capital Management LLC’s holdings, making the stock its 4th biggest position. Glynn Capital Management LLC owned about 0.09% of Datadog worth $37,012,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AM Squared Ltd grew its holdings in Datadog by 25.0% during the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. Yousif Capital Management LLC lifted its position in shares of Datadog by 3.2% during the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Datadog by 5.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after acquiring an additional 110 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Datadog by 1.3% in the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock worth $1,039,000 after acquiring an additional 146 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Datadog by 6.1% during the 4th quarter. Signaturefd LLC now owns 2,656 shares of the company’s stock worth $322,000 after acquiring an additional 152 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 0.4 %

Shares of Datadog stock traded up $0.49 on Wednesday, reaching $125.99. The company had a trading volume of 2,677,479 shares, compared to its average volume of 4,005,845. The firm’s 50-day moving average price is $125.19 and its two-hundred day moving average price is $117.94. Datadog, Inc. has a 1 year low of $63.00 and a 1 year high of $138.61. The firm has a market cap of $41.81 billion, a price-to-earnings ratio of 1,045.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period in the previous year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, research analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DDOG. BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price objective (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Needham & Company LLC raised their price target on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Wolfe Research upped their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Citigroup increased their target price on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.70.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the completion of the sale, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. Insiders sold a total of 759,908 shares of company stock valued at $97,728,997 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Company 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.