J. Goldman & Co LP Invests $2.40 Million in Datadog, Inc. (NASDAQ:DDOG)

J. Goldman & Co LP bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,813 shares of the company's stock, valued at approximately $2,402,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new position in Datadog during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares during the period. Kieckhefer Group LLC purchased a new position in Datadog during the 4th quarter valued at $43,000. Finally, Summit Securities Group LLC purchased a new position in Datadog during the 4th quarter valued at $43,000. Institutional investors own 78.29% of the company's stock.

Datadog Stock Down 1.6%

Shares of NASDAQ DDOG traded down $1.95 during midday trading on Thursday, hitting $117.14. The stock had a trading volume of 4,196,007 shares, compared to its average volume of 4,356,826. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market capitalization of $40.15 billion, a PE ratio of 229.69, a P/E/G ratio of 44.03 and a beta of 1.12. The stock has a 50 day simple moving average of $100.48 and a 200-day simple moving average of $125.66.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the sale, the director now directly owns 82,324 shares in the company, valued at $9,538,058.64. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Jacobson sold 47,306 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $107.40, for a total value of $5,080,664.40. Following the completion of the sale, the director now owns 25,468 shares in the company, valued at approximately $2,735,263.20. This represents a 65.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 559,867 shares of company stock worth $57,550,902 over the last ninety days. Company insiders own 11.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DDOG shares. Macquarie decreased their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Scotiabank set a $130.00 target price on Datadog and gave the company an "outperform" rating in a research report on Wednesday, May 7th. BTIG Research set a $136.00 price target on Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Needham & Company LLC dropped their price target on Datadog from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $141.54.

Datadog Company 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.