Caption Management LLC Boosts Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Caption Management LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 863.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,700 shares of the company's stock after buying an additional 31,100 shares during the quarter. Caption Management LLC's holdings in Datadog were worth $4,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DDOG. GAMMA Investing LLC lifted its stake in Datadog by 40.3% in the 4th quarter. GAMMA Investing LLC now owns 790 shares of the company's stock worth $113,000 after purchasing an additional 227 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Datadog by 21.2% in the fourth quarter. Nordea Investment Management AB now owns 58,256 shares of the company's stock worth $8,376,000 after buying an additional 10,199 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Datadog by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,883 shares of the company's stock valued at $1,698,000 after buying an additional 137 shares during the period. Green Alpha Advisors LLC grew its position in Datadog by 18.3% during the fourth quarter. Green Alpha Advisors LLC now owns 3,301 shares of the company's stock worth $472,000 after buying an additional 511 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in Datadog in the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Guggenheim reiterated a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. DA Davidson upped their target price on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial lowered their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Scotiabank cut their price objective on Datadog from $155.00 to $125.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 15th. Finally, Rosenblatt Securities decreased their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

Datadog Stock Performance

DDOG stock opened at $105.70 on Tuesday. The firm has a 50 day moving average price of $100.79 and a 200-day moving average price of $126.32. The firm has a market capitalization of $36.23 billion, a price-to-earnings ratio of 207.26, a PEG ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the transaction, the executive now owns 185,871 shares in the company, valued at approximately $18,966,276.84. This represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 563,598 shares of the company's stock, valued at $49,219,013.34. This represents a 16.00 % 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 over the last 90 days. 11.78% of the stock is currently owned by insiders.

Datadog 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.

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