Datadog, Inc. (NASDAQ:DDOG) Stock Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,483 shares of the company’s stock after buying an additional 2,495 shares during the quarter. QRG Capital Management Inc.’s holdings in Datadog were worth $3,070,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% during 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. Meeder Asset Management Inc. lifted its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP bought a new stake in Datadog during the third quarter worth approximately $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the company’s 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 sale, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % 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, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DDOG shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Loop Capital boosted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Jefferies Financial Group upped their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson lifted their price target on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Mizuho upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Up 2.7 %

NASDAQ DDOG opened at $116.57 on Friday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a market cap of $39.60 billion, a P/E ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15. The company’s 50-day simple moving average is $138.51 and its 200 day simple moving average is $131.86.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (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%. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share 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.