XTX Topco Ltd Reduces Position in Datadog, Inc. (NASDAQ:DDOG)

XTX Topco Ltd reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 86.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,884 shares of the company's stock after selling 11,616 shares during the quarter. XTX Topco Ltd's holdings in Datadog were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DDOG. Wilmington Savings Fund Society FSB bought a new position in Datadog in the 3rd quarter worth about $625,000. Blankinship & Foster LLC purchased a new position in Datadog during the 3rd quarter valued at $351,000. Tidal Investments LLC boosted its position in shares of Datadog by 27.6% during the third quarter. Tidal Investments LLC now owns 28,295 shares of the company's stock valued at $3,256,000 after purchasing an additional 6,119 shares in the last quarter. Peapack Gladstone Financial Corp grew its position in Datadog by 39.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company's stock valued at $591,000 after purchasing an additional 1,465 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of 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. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Trading Up 0.6 %

Shares of DDOG stock traded up $0.59 on Tuesday, reaching $102.33. 287,037 shares of the company's stock were exchanged, compared to its average volume of 4,332,188. The stock has a market capitalization of $35.08 billion, a PE ratio of 201.04, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company's fifty day simple moving average is $102.20 and its 200 day simple moving average is $127.12.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the sale, the director now owns 82,324 shares of the company's stock, valued at $9,538,058.64. This trade represents a 10.99 % decrease in their ownership of the stock. 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 Datadog stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 512,561 shares of company stock valued at $57,166,767. Company insiders own 11.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Datadog from $164.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Morgan Stanley dropped their price target 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. Rosenblatt Securities increased their target price on Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, JMP Securities restated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Seven investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $150.33.

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.