Soros Fund Management LLC Has $27.46 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Soros Fund Management LLC raised its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,190 shares of the company's stock after acquiring an additional 24,100 shares during the period. Soros Fund Management LLC owned approximately 0.06% of Datadog worth $27,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management raised its holdings in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock valued at $65,000 after acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC lifted its position 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 acquiring an additional 81 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after purchasing an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after purchasing an additional 94 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Down 1.2 %

Shares of DDOG stock traded down $1.32 on Friday, hitting $105.00. The stock had a trading volume of 5,146,130 shares, compared to its average volume of 4,367,808. The firm has a market cap of $35.99 billion, a P/E ratio of 205.89, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a fifty day moving average price of $100.95 and a two-hundred day moving average price of $126.47.

Datadog (NASDAQ:DDOG - Get Free Report) last announced 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%. On average, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Datadog from $180.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. DA Davidson cut their price target on shares of Datadog from $165.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Citigroup lowered their target price on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $135.00 price target (down from $150.00) on shares of Datadog in a report on Monday, April 7th. Seven equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.33.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the sale, the chief technology officer now owns 324,778 shares of the company's stock, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total value of $2,855,250.00. Following the transaction, the director now directly owns 82,324 shares of the company's stock, valued at $9,402,224.04. This represents a 23.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 512,561 shares of company stock valued at $57,166,767. 11.78% of the stock is currently owned by corporate 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.