4,720 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,720 shares of the company's stock, valued at approximately $674,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in Datadog by 2,323.9% during the 3rd quarter. Quest Partners LLC now owns 1,115 shares of the company's stock worth $128,000 after buying an additional 1,069 shares during the last quarter. Cerity Partners LLC lifted its stake in Datadog by 33.9% during the third quarter. Cerity Partners LLC now owns 40,752 shares of the company's stock worth $4,689,000 after purchasing an additional 10,318 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Datadog by 3,718.2% in the third quarter. Larson Financial Group LLC now owns 840 shares of the company's stock worth $97,000 after purchasing an additional 818 shares during the period. Loomis Sayles & Co. L P bought a new stake in Datadog during the third quarter valued at $334,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Datadog during the third quarter worth $65,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the transaction, the director now owns 427,785 shares of the company's stock, valued at $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at approximately $45,861,901.38. This represents 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 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by corporate insiders.

Remove Ads

Datadog Stock Up 0.8 %

Shares of DDOG traded up $0.81 during midday trading on Wednesday, reaching $101.87. 1,769,908 shares of the stock were exchanged, compared to its average volume of 4,187,704. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 200.06, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $96.63 and a 12-month high of $170.08. The firm has a 50 day simple moving average of $122.26 and a 200-day simple moving average of $130.82.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its 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%. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Datadog in a research report on Friday, January 17th. They set an "overweight" rating and a $180.00 price objective for the company. Loop Capital upped their target price on Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Citigroup reduced their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Royal Bank of Canada increased their target price on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, DA Davidson increased their price objective on Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.22.

Datadog 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.