Amitell Capital Pte Ltd Invests $2.73 Million in Datadog, Inc. (NASDAQ:DDOG)

Amitell Capital Pte Ltd acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,095 shares of the company's stock, valued at approximately $2,728,000. Datadog makes up 2.2% of Amitell Capital Pte Ltd's portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently bought and sold shares of DDOG. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares in the last quarter. Quarry LP acquired a new stake in shares of Datadog during the 3rd quarter valued at $33,000. Kieckhefer Group LLC purchased a new position in shares of Datadog during the 4th quarter valued at $43,000. Finally, Summit Securities Group LLC acquired a new position in shares of Datadog in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Down 1.2 %

NASDAQ:DDOG traded down $1.16 during trading hours on Friday, reaching $92.02. The company had a trading volume of 5,656,680 shares, compared to its average volume of 4,320,031. The firm has a market capitalization of $31.54 billion, a PE ratio of 180.43, a PEG ratio of 44.03 and a beta of 1.20. The stock has a 50-day moving average of $112.08 and a two-hundred day moving average of $129.08. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Wells Fargo & Company downgraded shares of Datadog from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Loop Capital raised their price target on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and cut their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $156.67.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,672 shares of company stock valued at $63,344,272 over the last 90 days. 11.78% of the stock is owned by company insiders.

Datadog 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.