Datadog, Inc. $DDOG Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Datadog, Inc. (NASDAQ:DDOG) by 134.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,142 shares of the company’s stock after acquiring an additional 17,860 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Datadog were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC bought a new position in Datadog during the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog in the fourth quarter valued at $228,000. Empowered Funds LLC boosted its stake in Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Datadog by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Datadog in the 2nd quarter valued at about $509,000. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total transaction of $988,629.24. Following the completion of the sale, the director owned 340,701 shares of the company’s stock, valued at $42,550,147.89. This trade represents a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Adam Blitzer sold 8,023 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the transaction, the chief operating officer directly owned 165,197 shares in the company, valued at $25,541,108.17. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,028,945 shares of company stock valued at $184,544,256 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of a number of research reports. Barclays dropped their target price on shares of Datadog from $215.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Scotiabank dropped their price target on Datadog from $217.00 to $180.00 and set a “sector outperform” rating on the stock in a report on Tuesday, January 27th. Mizuho reduced their price objective on Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Royal Bank Of Canada decreased their target price on Datadog from $216.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Raymond James Financial upped their target price on Datadog from $170.00 to $205.00 in a report on Thursday, November 6th. Thirty-five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $188.97.

Datadog Stock Performance

Shares of DDOG stock opened at $106.73 on Friday. The company has a market capitalization of $37.43 billion, a price-to-earnings ratio of 344.29, a P/E/G ratio of 20.67 and a beta of 1.27. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $136.25 and its 200-day simple moving average is $144.66.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.