Trexquant Investment LP Has $9 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Trexquant Investment LP grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 396.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,001 shares of the company's stock after acquiring an additional 50,320 shares during the period. Trexquant Investment LP's holdings in Datadog were worth $9,002,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DDOG. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Quarry LP bought a new stake in Datadog in the third quarter worth $33,000. Kieckhefer Group LLC bought a new stake in Datadog in the fourth quarter worth $43,000. Finally, Summit Securities Group LLC acquired a new position in Datadog during the fourth quarter worth $43,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on DDOG shares. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Truist Financial lowered their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday. Barclays cut their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and lowered their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.22.

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Datadog Price Performance

Shares of Datadog stock traded down $7.24 during trading on Thursday, hitting $94.47. 5,748,186 shares of the company were exchanged, compared to its average volume of 4,213,524. The firm has a market capitalization of $32.38 billion, a P/E ratio of 185.24, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The firm's fifty day moving average price is $120.58 and its 200 day moving average price is $130.37. Datadog, Inc. has a 1-year low of $93.23 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value 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. The trade was a 28.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Wednesday, January 15th. The stock was 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 approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 601,412 shares of company stock valued at $75,444,584. 11.78% of the stock is currently owned by corporate insiders.

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.