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

Ieq Capital LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 407,835 shares of the company’s stock after acquiring an additional 11,164 shares during the period. Ieq Capital LLC’s holdings in Datadog were worth $58,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC boosted 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 worth $32,000 after buying an additional 81 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after buying an additional 91 shares during the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in shares of Datadog by 2.0% in the 4th quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after buying an additional 96 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 1.4 %

DDOG opened at $128.85 on Thursday. The stock has a market cap of $43.77 billion, a PE ratio of 252.65, a P/E/G ratio of 15.23 and a beta of 1.15. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The business’s fifty day simple moving average is $143.45 and its 200 day simple moving average is $131.51.

Datadog (NASDAQ:DDOG) last released its 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 net margin of 6.85% and a return on equity of 8.28%. As a group, equities analysts anticipate that Datadog, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DDOG. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, November 7th. Barclays dropped their price objective on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Truist Financial dropped their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.39.

Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last three months. Company insiders own 11.78% of the company’s stock.

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.