Bryce Point Capital LLC Purchases Shares of 11,274 Datadog, Inc. (NASDAQ:DDOG)

Bryce Point Capital LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,274 shares of the company's stock, valued at approximately $1,611,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Datadog by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,476,279 shares of the company's stock worth $639,616,000 after purchasing an additional 625,429 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Datadog by 10.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 5,529 shares of the company's stock worth $790,000 after buying an additional 503 shares in the last quarter. Groupama Asset Managment raised its position in Datadog by 407.6% during the fourth quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock valued at $943,074,000 after purchasing an additional 5,299,688 shares during the period. OV Management LLC boosted its holdings in shares of Datadog by 6.0% in the 4th quarter. OV Management LLC now owns 5,284 shares of the company's stock worth $755,000 after purchasing an additional 297 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of Datadog by 396.8% in the 4th quarter. Trexquant Investment LP now owns 63,001 shares of the company's stock worth $9,002,000 after purchasing an additional 50,320 shares during the period. Institutional investors own 78.29% of the company's stock.

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Analyst Upgrades and Downgrades

DDOG has been the subject of a number of analyst reports. Rosenblatt Securities raised their price target on Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Mizuho increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Truist Financial dropped their target price on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday. Finally, Guggenheim reiterated a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. One research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Datadog currently has an average rating of "Moderate Buy" and a consensus price target of $157.22.

Datadog Trading Down 6.9 %

DDOG stock traded down $6.54 during trading on Friday, reaching $87.93. 7,529,751 shares of the stock were exchanged, compared to its average volume of 4,226,874. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 172.42, a P/E/G ratio of 44.03 and a beta of 1.20. The business has a 50 day moving average price of $120.58 and a 200-day moving average price of $130.37. Datadog, Inc. has a 1 year low of $86.57 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 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%. On average, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

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

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.