NEOS Investment Management LLC Grows Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

NEOS Investment Management LLC raised its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,423 shares of the company's stock after buying an additional 3,227 shares during the period. NEOS Investment Management LLC's holdings in Datadog were worth $2,918,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DDOG. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% in 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 during the last quarter. Quarry LP purchased a new position in shares of Datadog during the third quarter worth approximately $33,000. Finally, Kieckhefer Group LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Price Performance

NASDAQ DDOG traded up $0.87 during trading on Wednesday, hitting $101.93. The company's stock had a trading volume of 1,769,908 shares, compared to its average volume of 4,187,704. Datadog, Inc. has a fifty-two week low of $96.63 and a fifty-two week high of $170.08. The business's 50 day simple moving average is $122.26 and its 200-day simple moving average is $130.82. The company has a market cap of $34.94 billion, a PE ratio of 200.06, a P/E/G ratio of 44.03 and a beta of 1.22.

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Datadog (NASDAQ:DDOG - Get Free Report) last posted 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 net margin of 6.85% and a return on equity of 8.28%. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the business's 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 sale, the director now directly owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the transaction, the director now owns 195,667 shares in the company, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,412 shares of company stock valued at $75,444,584. Corporate insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Truist Financial reduced their price target on shares of Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday. 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 for the company. Loop Capital increased their target price on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Guggenheim restated a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $157.22.

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.