HBK Investments L P Invests $2.22 Million in Datadog, Inc. (NASDAQ:DDOG)

HBK Investments L P purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,500 shares of the company's stock, valued at approximately $2,215,000.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC grew 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 acquiring an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Datadog during the fourth quarter worth approximately $43,000. Finally, Summit Securities Group LLC bought a new position in Datadog in the 4th quarter valued at $43,000. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DDOG. JMP Securities restated a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They issued an "overweight" rating and a $180.00 price objective on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Macquarie reiterated an "outperform" rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada raised their target price on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 379,693 shares in the company, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 523,756 shares of company stock valued at $58,732,500. Insiders own 11.78% of the company's stock.

Datadog Stock Performance

NASDAQ DDOG opened at $99.60 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock's 50 day moving average price is $103.32 and its two-hundred day moving average price is $127.47. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 195.30, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last issued 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.

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