Duality Advisers LP Purchases Shares of 13,809 Datadog, Inc. (NASDAQ:DDOG)

Duality Advisers LP acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 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 made changes to their positions in the business. AM Squared Ltd boosted its holdings in Datadog by 25.0% during the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Datadog by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after acquiring an additional 110 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Datadog by 4.9% in the 3rd quarter. Yousif Capital Management LLC now owns 3,083 shares of the company’s stock worth $281,000 after acquiring an additional 145 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Datadog by 1.3% during the third quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock worth $1,039,000 after purchasing an additional 146 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Datadog by 6.9% during the third quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the company’s stock valued at $213,000 after purchasing an additional 150 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,879,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Olivier Pomel sold 10,000 shares of Datadog stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,879,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock worth $95,917,681 over the last 90 days. Insiders own 14.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $150.00 in a research note on Tuesday. Mizuho lifted their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Citigroup upped their price target on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Robert W. Baird raised their target price on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Barclays upped their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.70.

Datadog Price Performance

NASDAQ 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 stock’s 50-day moving average is $125.63 and its two-hundred day moving average is $116.37. The firm has a market cap of $40.51 billion, a P/E ratio of 1,017.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal 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.