19,395 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Bearing Point Capital LLC

Bearing Point Capital LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,395 shares of the company's stock, valued at approximately $2,771,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% in 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 period. Coppell Advisory Solutions LLC increased its position in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after buying an additional 177 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Datadog during the 4th quarter worth approximately $43,000. Finally, Summit Securities Group LLC purchased a new position in shares of Datadog during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DDOG. Macquarie dropped their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday. Morgan Stanley cut their price objective on Datadog from $143.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group decreased their target price on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday. Rosenblatt Securities dropped their price target on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.54.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the sale, the chief executive officer now owns 563,598 shares in the company, valued at $49,219,013.34. This represents a 16.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now directly owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 385,456 shares of company stock worth $39,018,715 in the last ninety days. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Up 0.0 %

NASDAQ:DDOG traded up $0.04 during trading hours on Wednesday, reaching $106.10. 5,925,064 shares of the stock were exchanged, compared to its average volume of 4,348,163. The company has a market capitalization of $36.37 billion, a price-to-earnings ratio of 208.04, a PEG ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The business has a 50-day moving average of $100.64 and a two-hundred day moving average of $126.18.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.