Sender Co & Partners Inc. Invests $1.09 Million in Datadog, Inc. (NASDAQ:DDOG)

Sender Co & Partners Inc. purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,650 shares of the company’s stock, valued at approximately $1,093,000. Datadog comprises 1.0% of Sender Co & Partners Inc.’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Datadog in the fourth quarter worth $43,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Datadog by 417.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 259 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DDOG shares. Wells Fargo & Company cut their price objective on Datadog from $140.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. Wedbush cut their price objective on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Scotiabank set a $130.00 price objective on Datadog and gave the stock an “outperform” rating in a report on Wednesday, May 7th. UBS Group lifted their price objective on Datadog from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, DA Davidson lifted their price objective on Datadog from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.54.

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 10,167 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the sale, the director now directly owns 82,324 shares of the company’s stock, valued at $9,538,058.64. This trade represents a 10.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the sale, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at $47,745,481.08. The trade was a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 584,867 shares of company stock valued at $60,517,652. Insiders own 11.78% of the company’s stock.

Datadog Trading Up 0.5%

Shares of Datadog stock opened at $117.67 on Friday. The stock has a 50 day moving average of $101.10 and a 200 day moving average of $125.52. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm has a market cap of $40.33 billion, a PE ratio of 230.73, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.