Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 272.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,561 shares of the company's stock after acquiring an additional 7,723 shares during the period. Dark Forest Capital Management LP's holdings in Datadog were worth $1,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Datadog during the 3rd quarter worth about $625,000. Blankinship & Foster LLC acquired a new stake in shares of Datadog during the third quarter valued at about $351,000. Tidal Investments LLC raised its stake in shares of Datadog by 27.6% in the 3rd quarter. Tidal Investments LLC now owns 28,295 shares of the company's stock valued at $3,256,000 after acquiring an additional 6,119 shares during the period. Peapack Gladstone Financial Corp raised its stake in shares of Datadog by 39.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company's stock valued at $591,000 after acquiring an additional 1,465 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Datadog by 40.3% in the 4th quarter. GAMMA Investing LLC now owns 790 shares of the company's stock worth $113,000 after acquiring an additional 227 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Trading Up 1.9 %

Shares of NASDAQ DDOG traded up $1.92 during trading hours on Friday, reaching $101.52. The stock had a trading volume of 3,025,472 shares, compared to its average volume of 4,357,500. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 199.06, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a 50-day moving average of $102.74 and a 200-day moving average of $127.32.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share 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, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In related news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were 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 directly owns 371,865 shares in the company, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 523,756 shares of company stock valued at $58,732,500. Insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DDOG shares. DA Davidson cut their target price on Datadog from $165.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group restated a "buy" rating and set a $135.00 target price (down from $150.00) on shares of Datadog in a report on Monday, April 7th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Stifel Nicolaus cut shares of Datadog from a "buy" rating to a "hold" rating and dropped their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Citigroup decreased their price target 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. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

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.