Cwm LLC Acquires 531 Shares of Datadog, Inc. (NASDAQ:DDOG)

Cwm LLC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,820 shares of the company’s stock after acquiring an additional 531 shares during the quarter. Cwm LLC’s holdings in Datadog were worth $706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter worth $25,000. BluePath Capital Management LLC bought a new stake in Datadog in the third quarter worth about $31,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the last quarter. AM Squared Ltd bought a new position in shares of Datadog during the 3rd quarter valued at approximately $36,000. Finally, Headinvest LLC purchased a new stake in shares of Datadog during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG stock opened at $129.07 on Tuesday. The firm has a 50 day simple moving average of $125.24 and a two-hundred day simple moving average of $117.68. The stock has a market cap of $42.83 billion, a PE ratio of 1,075.58 and a beta of 1.16. Datadog, Inc. has a one year low of $63.00 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, analysts predict that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DDOG. Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price objective on shares of Datadog in a research note on Monday, April 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 price target (up previously from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Barclays upped their price objective on shares of Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC lifted their target price on shares of Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.70.

Insider Activity

In related news, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 759,908 shares of company stock worth $97,728,997. 11.78% of the stock is currently owned by 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.