111 Capital Invests $494,000 in Datadog, Inc. (NASDAQ:DDOG)

111 Capital purchased a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,454 shares of the company's stock, valued at approximately $494,000.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Datadog in the fourth quarter worth $14,884,000. ARK Investment Management LLC boosted its holdings in Datadog by 62.7% in the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock worth $18,188,000 after purchasing an additional 49,050 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after purchasing an additional 30,998 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock worth $10,358,000 after purchasing an additional 2,451 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Up 0.8%

NASDAQ:DDOG traded up $0.92 during mid-day trading on Tuesday, hitting $118.66. The company's stock had a trading volume of 3,883,550 shares, compared to its average volume of 4,380,048. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a market capitalization of $40.98 billion, a price-to-earnings ratio of 232.67, a P/E/G ratio of 44.03 and a beta of 1.12. The stock has a fifty day moving average of $103.89 and a 200-day moving average of $124.67.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The company's quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $120.00 price target on shares of Datadog in a report on Tuesday, May 6th. JMP Securities restated a "market perform" rating on shares of Datadog in a report on Friday, February 14th. Truist Financial decreased their price target on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a report on Monday, March 31st. Citigroup decreased their price target on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $141.04.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now directly owns 435,793 shares in the company, valued at $47,745,481.08. This represents a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total value of $2,925,500.00. Following the sale, the director now directly owns 76,052 shares of the company's stock, valued at $8,899,605.04. This represents a 24.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 599,700 shares of company stock valued at $62,265,203 over the last quarter. Corporate insiders own 8.70% of the company's stock.

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.