9,697 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Morse Asset Management Inc

Morse Asset Management Inc purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,697 shares of the company's stock, valued at approximately $1,386,000.

Other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in Datadog in the 4th quarter worth approximately $43,000. Finally, Summit Securities Group LLC acquired a new stake in Datadog in the 4th quarter worth approximately $43,000. Institutional investors own 78.29% of the company's stock.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00. Following the completion of the transaction, the director now owns 82,324 shares in the company, valued at $9,402,224.04. This represents a 23.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 559,867 shares of company stock valued at $57,550,902 in the last ninety days. Insiders own 11.78% of the company's stock.

Datadog Stock Up 0.5%

DDOG traded up $0.53 during midday trading on Friday, reaching $117.67. The company had a trading volume of 3,138,469 shares, compared to its average volume of 4,359,271. The company has a market cap of $40.33 billion, a P/E ratio of 230.73, a P/E/G ratio of 44.03 and a beta of 1.12. The business has a 50-day moving average of $100.79 and a two-hundred day moving average of $125.59. 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. 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 company posted $0.44 earnings per share. The business's quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DDOG. Rosenblatt Securities reduced their target price on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $119.00 price target on shares of Datadog in a report on Wednesday, May 7th. DA Davidson upped their price target on Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company cut their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Finally, Macquarie cut their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Seven 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.54.

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.