Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,069 shares of the company's stock after buying an additional 2,634 shares during the period. Quantinno Capital Management LP's holdings in Datadog were worth $3,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after buying an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares during the period. Summit Securities Group LLC acquired a new stake in Datadog during the fourth quarter worth about $43,000. Itau Unibanco Holding S.A. raised its position in Datadog by 417.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after acquiring an additional 259 shares in the last quarter. Finally, Financial Life Planners acquired a new position in Datadog in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

NASDAQ DDOG traded up $1.98 during mid-day trading on Thursday, hitting $115.67. The stock had a trading volume of 3,671,505 shares, compared to its average volume of 4,373,916. The firm's 50 day moving average is $101.98 and its 200 day moving average is $125.31. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 226.81, a PEG ratio of 44.03 and a beta of 1.12. 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 released 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 during 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 quarter in the prior year, the firm earned $0.44 earnings per share. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Wolfe Research downgraded shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Macquarie dropped their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Scotiabank set a $130.00 price objective on shares of Datadog and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and a consensus target price of $141.54.

Insider Activity at Datadog

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amit Agarwal sold 10,167 shares of Datadog stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,538,058.64. This represents a 10.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 584,867 shares of company stock valued at $60,517,652. Corporate insiders own 11.78% of the company's stock.

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.