Duality Advisers LP Takes $1.68 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Duality Advisers LP bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,809 shares of the company’s stock, valued at approximately $1,676,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DDOG. Anchor Investment Management LLC purchased a new position in shares of Datadog in the 4th quarter valued at approximately $25,000. BluePath Capital Management LLC purchased a new position in Datadog in the 3rd quarter valued at $31,000. Private Trust Co. NA raised its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the last quarter. AM Squared Ltd purchased a new stake in shares of Datadog in the third quarter valued at about $36,000. Finally, Headinvest LLC acquired a new position in shares of Datadog during the third quarter worth about $46,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total value of $1,954,200.00. Following the transaction, the chief financial officer now owns 275,191 shares in the company, valued at approximately $35,851,883.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Sean Michael Walters sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the completion of the sale, the executive now owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David M. Obstler sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the completion of the transaction, the chief financial officer now owns 275,191 shares in the company, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 745,984 shares of company stock worth $95,917,681. 14.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DDOG shares. Mizuho raised their price objective on shares of Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price objective on shares of Datadog in a report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Robert W. Baird increased their price target on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Citigroup upped their target price on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Trading Up 1.6 %

Shares of DDOG opened at $122.07 on Tuesday. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $138.61. The company has a market capitalization of $40.51 billion, a PE ratio of 1,017.25 and a beta of 1.16. The stock has a fifty day moving average of $125.63 and a two-hundred day moving average of $116.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, analysts forecast that Datadog, Inc. will post -0.14 EPS for the current year.

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.