Datadog, Inc. (NASDAQ:DDOG) Shares Bought by OV Management LLC

OV Management LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,284 shares of the company’s stock after purchasing an additional 297 shares during the quarter. OV Management LLC’s holdings in Datadog were worth $755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in shares of Datadog by 50.5% during the third quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock worth $330,000 after buying an additional 963 shares during the period. CreativeOne Wealth LLC bought a new stake in Datadog during the 3rd quarter valued at $302,000. Rockefeller Capital Management L.P. boosted its position in Datadog by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock worth $1,746,000 after acquiring an additional 511 shares during the period. Captrust Financial Advisors grew its stake in shares of Datadog by 16.5% in the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Datadog by 99.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 212,606 shares of the company’s stock valued at $24,462,000 after purchasing an additional 106,245 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Sean Michael Walters sold 8,454 shares of the firm’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 sale, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 601,412 shares of company stock worth $75,444,584. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Down 1.9 %

Datadog stock opened at $99.21 on Tuesday. The company has a market capitalization of $34.01 billion, a P/E ratio of 194.53, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $96.63 and a 1-year high of $170.08. The firm’s fifty day simple moving average is $123.01 and its 200-day simple moving average is $130.88.

Datadog (NASDAQ:DDOG) last released its quarterly 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%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DDOG. Cantor Fitzgerald began 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. Royal Bank of Canada upped their price target on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley restated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. Jefferies Financial Group cut their price objective on Datadog from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays decreased their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One equities research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.22.

About Datadog

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.