Jennison Associates Reduces $398M in Datadog, Inc. ($DDOG)
Key Points
- Jennison Associates changed its Datadog, Inc. ($DDOG) stake by 22.3% last quarter, cutting to 5,922,887 shares worth $1.39 billion.
- Wall Street's consensus rating on $DDOG is Strong Buy and an average price target of $233.06.
- $DDOG last traded around $234.14.
Jennison Associates reduced its position in Datadog, Inc. ($DDOG) by 22.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,922,887 shares of Datadog, Inc. after selling 1,701,106 shares during the quarter. Jennison Associates's holdings in Datadog, Inc. were worth $1.39 billion as of its most recent filing.
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About Datadog, Inc.
Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally. The company's products comprise infrastructure and application performance monitoring, log management, observability pipelines, synthetics, real user monitoring, product analytics, continuous profiler, database monitoring, data observability, LLM observability, error tracking, network monitoring, incident response, workflow automation and App builder, event management, bits AI SRE, cloud cost management, cloud security, code security, cloud SIEM, threat management, sensitive data scanner, and CI visibility. Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York.
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