Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,134 shares of the company's stock after selling 80,366 shares during the period. Polar Asset Management Partners Inc.'s holdings in Datadog were worth $5,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DDOG. Allworth Financial LP raised its stake in shares of Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after acquiring an additional 75 shares in the last quarter. Spire Wealth Management raised its stake in Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Farther Finance Advisors LLC lifted its position in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after buying an additional 92 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Datadog by 16.5% during 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 in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $0.07 on Friday, hitting $116.93. 7,309,763 shares of the company's stock were exchanged, compared to its average volume of 4,385,911. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The business's 50 day simple moving average is $103.42 and its two-hundred day simple moving average is $124.82. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 229.28, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12.

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

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now directly owns 371,865 shares of the company's stock, valued at $37,986,009.75. The trade was a 25.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. This represents a 4.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 609,867 shares of company stock worth $63,443,152 in the last three months. 11.78% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on DDOG. Canaccord Genuity Group reduced their price objective on shares of Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $119.00 target price on shares of Datadog in a report on Wednesday, May 7th. Scotiabank set a $130.00 price objective on Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Datadog in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average price target of $141.04.

About Datadog

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.