Dilation Capital Management LP Purchases Shares of 43,126 Datadog, Inc. (NASDAQ:DDOG)

Dilation Capital Management LP bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,126 shares of the company's stock, valued at approximately $6,162,000. Datadog makes up approximately 5.7% of Dilation Capital Management LP's investment portfolio, making the stock its 7th biggest position.

Several other institutional investors have also made changes to their positions in the business. Allworth Financial LP boosted its holdings in shares of Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after acquiring an additional 75 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock valued at $65,000 after purchasing an additional 80 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% during 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. Farther Finance Advisors LLC increased its stake in shares of Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after acquiring an additional 94 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the sale, the chief executive officer now owns 563,598 shares in the company, valued at approximately $49,219,013.34. This represents a 16.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,756 shares of company stock worth $58,732,500. Corporate insiders own 11.78% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DDOG shares. Macquarie reissued an "outperform" rating and issued a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada upped their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Jefferies Financial Group restated a "buy" rating and set a $135.00 price objective (down from $150.00) on shares of Datadog in a research note on Monday, April 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $160.00 price target on shares of Datadog in a report on Tuesday, March 4th. Seven equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Datadog Price Performance

Shares of Datadog stock traded up $5.02 during trading on Thursday, hitting $99.60. 4,936,207 shares of the company's stock traded hands, compared to its average volume of 4,357,194. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The business has a 50-day simple moving average of $103.95 and a 200-day simple moving average of $127.63. The stock has a market capitalization of $34.14 billion, a P/E ratio of 195.30, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.