IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $674,000 in Datadog, Inc. (NASDAQ:DDOG)

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,720 shares of the company’s stock, valued at approximately $674,000.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its stake in 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 acquiring an additional 81 shares during the last quarter. Quarry LP acquired a new stake in Datadog during the 3rd quarter worth about $33,000. Finally, Kieckhefer Group LLC purchased a new stake in Datadog during the 4th quarter valued at about $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock valued at $75,444,584 over the last ninety days. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

DDOG opened at $101.10 on Friday. The firm has a market capitalization of $34.65 billion, a price-to-earnings ratio of 198.24, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The company’s 50 day simple moving average is $123.79 and its two-hundred day simple moving average is $130.65. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. Macquarie restated an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. 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 target for the company. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Loop Capital raised their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Rosenblatt Securities increased their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.