Ashe Capital Management LP Reduces Stake in Datadog, Inc. (NASDAQ:DDOG)

Ashe Capital Management LP trimmed its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 22.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 933,878 shares of the company's stock after selling 263,401 shares during the quarter. Datadog accounts for 11.0% of Ashe Capital Management LP's holdings, making the stock its 4th largest holding. Ashe Capital Management LP owned about 0.27% of Datadog worth $133,442,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new position in Datadog during the fourth quarter worth $2,232,000. Virtus ETF Advisers LLC acquired a new position in Datadog during the fourth quarter worth $1,301,000. Coldstream Capital Management Inc. raised its position in Datadog by 11.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,490 shares of the company's stock worth $642,000 after acquiring an additional 466 shares during the period. HBK Investments L P acquired a new position in Datadog during the fourth quarter worth $2,215,000. Finally, Arnhold LLC acquired a new position in Datadog during the fourth quarter worth $381,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DDOG. Scotiabank decreased their target price on shares of Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Macquarie reaffirmed an "outperform" rating and set a $200.00 price target on shares of Datadog in a research report on Tuesday, February 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $150.33.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the transaction, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. This trade represents a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 512,561 shares of company stock worth $57,166,767 over the last 90 days. Insiders own 11.78% of the company's stock.

Datadog Trading Down 1.2 %

NASDAQ:DDOG traded down $1.25 on Wednesday, hitting $101.06. 1,421,148 shares of the stock were exchanged, compared to its average volume of 4,336,151. The stock has a market cap of $34.64 billion, a PE ratio of 198.16, a PEG ratio of 44.03 and a beta of 1.20. The stock has a fifty day moving average of $101.72 and a 200-day moving average of $126.95. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

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

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.