New England Research & Management Inc. Takes $476,000 Position in Datadog, Inc. (NASDAQ:DDOG)

New England Research & Management Inc. purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,800 shares of the company's stock, valued at approximately $476,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. Allworth Financial LP grew its stake in shares of Datadog by 7.7% in the 4th 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 period. Farther Finance Advisors LLC lifted its holdings in Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after acquiring an additional 92 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Datadog by 16.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after acquiring an additional 94 shares during the period. Kovack Advisors Inc. increased its stake in Datadog by 2.1% during the fourth quarter. Kovack Advisors Inc. now owns 4,899 shares of the company's stock worth $700,000 after acquiring an additional 100 shares during the last quarter. Finally, SageView Advisory Group LLC raised its position in Datadog by 4.9% in the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the transaction, the chief technology officer now directly owns 466,535 shares in the company, valued at approximately $49,373,399.05. This represents a 21.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now owns 563,598 shares in the company, valued at approximately $49,219,013.34. The trade was a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 725,582 shares of company stock worth $80,913,097 in the last quarter. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Datadog in a report on Friday, February 14th. Barclays lifted their price target on shares of Datadog from $125.00 to $128.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. UBS Group upped their price objective on shares of Datadog from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Finally, Citigroup cut their target price on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.25.

Datadog Stock Down 1.8%

NASDAQ:DDOG traded down $2.23 during mid-day trading on Friday, reaching $120.45. 3,961,551 shares of the stock were exchanged, compared to its average volume of 4,399,239. The stock has a market capitalization of $41.60 billion, a P/E ratio of 236.18, a P/E/G ratio of 44.03 and a beta of 1.01. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a 50 day simple moving average of $108.01 and a 200-day simple moving average of $123.55.

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