Teza Capital Management LLC Has $1.30 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Teza Capital Management LLC lowered its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,061 shares of the company's stock after selling 2,972 shares during the period. Teza Capital Management LLC's holdings in Datadog were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC increased its position 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 last quarter. Coppell Advisory Solutions LLC increased its holdings in Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after buying an additional 177 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Datadog in the fourth quarter valued at $43,000. Itau Unibanco Holding S.A. lifted its holdings in Datadog by 417.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock worth $46,000 after buying an additional 259 shares during the last quarter. Finally, Shell Asset Management Co. purchased a new stake in Datadog during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $1.98 during midday trading on Thursday, reaching $115.67. The company had a trading volume of 3,671,505 shares, compared to its average volume of 4,373,917. The company has a fifty day simple moving average of $101.98 and a two-hundred day simple moving average of $125.31. The firm has a market cap of $39.95 billion, a price-to-earnings ratio of 226.81, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

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 analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm's revenue was up 24.6% compared to the same quarter last year. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

DDOG has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus set a $120.00 target price on shares of Datadog in a report on Tuesday, May 6th. DA Davidson increased their target price on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Macquarie reduced their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, UBS Group upped their price objective on shares of Datadog from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, Datadog currently has an average rating of "Moderate Buy" and an average price target of $141.54.

Insider Buying and Selling at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of the business's stock in a transaction that occurred 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 owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. The trade was a 4.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 10,167 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 82,324 shares in the company, valued at $9,538,058.64. This represents a 10.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 584,867 shares of company stock valued at $60,517,652 in the last quarter. Company insiders own 11.78% of the company's stock.

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.