Ieq Capital LLC Buys 11,164 Shares of Datadog, Inc. (NASDAQ:DDOG)

Ieq Capital LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 407,835 shares of the company's stock after purchasing an additional 11,164 shares during the period. Ieq Capital LLC owned about 0.12% of Datadog worth $58,276,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the fourth quarter worth approximately $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% during the fourth 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. True Wealth Design LLC lifted its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in Datadog during the third quarter worth approximately $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Scotiabank cut their price objective on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, November 8th. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Loop Capital raised their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Truist Financial lowered their target price on shares of Datadog from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $158.39.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $6.57 during mid-day trading on Friday, reaching $119.67. 6,980,028 shares of the company's stock were exchanged, compared to its average volume of 6,008,824. The firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 234.66, a PEG ratio of 44.03 and a beta of 1.15. The business's fifty day moving average price is $142.18 and its 200-day moving average price is $131.76. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

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 analysts' consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 556,674 shares of company stock worth $82,904,025. Company 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.