EPIQ Capital Group LLC Has $2.42 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

EPIQ Capital Group LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,898 shares of the company’s stock after buying an additional 153 shares during the quarter. Datadog accounts for about 0.6% of EPIQ Capital Group LLC’s holdings, making the stock its 21st biggest position. EPIQ Capital Group LLC’s holdings in Datadog were worth $2,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after buying an additional 75 shares in the last quarter. Spire Wealth Management grew 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 acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Datadog by 16.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after purchasing an additional 94 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 410,630 shares of company stock valued at $57,719,574. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DDOG. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. DA Davidson lifted their price target on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Macquarie reissued an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Finally, Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Datadog Trading Down 1.6 %

DDOG stock opened at $109.63 on Monday. The firm has a 50 day moving average of $135.05 and a 200-day moving average of $131.86. The firm has a market capitalization of $37.58 billion, a P/E ratio of 214.96, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current 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.