Tenere Capital LLC Has $13.82 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Tenere Capital LLC lessened its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,719 shares of the company's stock after selling 26,045 shares during the quarter. Datadog makes up approximately 3.7% of Tenere Capital LLC's holdings, making the stock its 14th biggest holding. Tenere Capital LLC's holdings in Datadog were worth $13,820,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its holdings in 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 purchasing an additional 177 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of Datadog by 247.9% in the 4th quarter. Pinebridge Investments L.P. now owns 188,266 shares of the company's stock valued at $26,901,000 after acquiring an additional 134,150 shares during the last quarter. Dark Forest Capital Management LP raised its position in shares of Datadog by 272.1% in the 4th quarter. Dark Forest Capital Management LP now owns 10,561 shares of the company's stock valued at $1,509,000 after acquiring an additional 7,723 shares during the period. Dilation Capital Management LP bought a new position in Datadog during the 4th quarter worth approximately $6,162,000. Finally, Manchester Global Management UK Ltd bought a new position in Datadog during the 4th quarter worth approximately $25,889,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 10,167 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the completion of the sale, the director now directly owns 82,324 shares of the company's stock, valued at approximately $9,538,058.64. The trade was a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 523,756 shares of company stock worth $58,732,500 over the last ninety days. Insiders own 11.78% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several analyst reports. DA Davidson cut their target price on shares of Datadog from $165.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, February 18th. Citigroup reduced their target price on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Stifel Nicolaus downgraded Datadog from a "buy" rating to a "hold" rating and lowered their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, UBS Group cut their price objective on Datadog from $164.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

Datadog Stock Performance

NASDAQ:DDOG traded up $1.92 during mid-day trading on Friday, hitting $101.52. The stock had a trading volume of 3,025,472 shares, compared to its average volume of 4,354,572. The company's 50 day simple moving average is $102.74 and its 200 day simple moving average is $127.33. The stock has a market cap of $34.80 billion, a price-to-earnings ratio of 199.06, 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.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.13 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, equities analysts forecast 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.