16,239 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Axiom Investors LLC DE

Axiom Investors LLC DE acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,239 shares of the company's stock, valued at approximately $2,320,000.

Several other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Quarry LP acquired a new position in shares of Datadog during the third quarter worth $33,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Datadog during the 4th quarter valued at $43,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on DDOG shares. Jefferies Financial Group reduced their target price on Datadog from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of Datadog in a research report on Tuesday, March 4th. DA Davidson raised their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Mizuho lifted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.22.

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Datadog Price Performance

DDOG stock traded down $4.34 during mid-day trading on Friday, reaching $90.13. 3,094,335 shares of the company's stock were exchanged, compared to its average volume of 4,210,685. Datadog, Inc. has a 12-month low of $86.65 and a 12-month high of $170.08. The stock's 50 day moving average is $120.58 and its 200 day moving average is $130.37. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 176.73, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares of the company's stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock worth $75,444,584 in the last 90 days. Insiders own 11.78% of the company's stock.

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.