CloudAlpha Capital Management Limited Hong Kong Has $6.34 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

CloudAlpha Capital Management Limited Hong Kong grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 427.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,200 shares of the company's stock after buying an additional 42,300 shares during the quarter. Datadog accounts for approximately 0.6% of CloudAlpha Capital Management Limited Hong Kong's holdings, making the stock its 24th biggest holding. CloudAlpha Capital Management Limited Hong Kong's holdings in Datadog were worth $6,336,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in Datadog during the 4th quarter worth about $25,000. BluePath Capital Management LLC purchased a new stake in Datadog during the 3rd quarter worth about $31,000. Private Trust Co. NA increased its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after purchasing an additional 223 shares in the last quarter. AM Squared Ltd purchased a new stake in Datadog during the 3rd quarter worth about $36,000. Finally, KB Financial Partners LLC purchased a new stake in Datadog during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $3.40 during trading on Wednesday, reaching $123.55. The stock had a trading volume of 3,474,539 shares, compared to its average volume of 4,083,473. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market cap of $41.00 billion, a PE ratio of 1,029.58 and a beta of 1.15. The firm's 50 day moving average price is $126.31 and its two-hundred day moving average price is $115.49.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. During the same period in the previous year, the business earned ($0.08) EPS. The business's quarterly revenue was up 25.6% on a year-over-year basis. On average, research analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on DDOG. Needham & Company LLC lifted their price objective on Datadog from $125.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. William Blair restated an "outperform" rating on shares of Datadog in a report on Friday, February 16th. BMO Capital Markets restated an "outperform" rating and issued a $155.00 price target (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Wolfe Research lifted their price target on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Finally, Barclays lifted their price target on Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.52.

Insider Activity

In related news, COO Adam Blitzer sold 20,892 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now directly owns 203,503 shares in the company, valued at approximately $26,166,415.74. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Adam Blitzer sold 20,892 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now directly owns 203,503 shares in the company, valued at approximately $26,166,415.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 133,315 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares of the company's stock, valued at $38,825,916.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 745,984 shares of company stock worth $95,917,681. 14.97% of the stock is currently owned by insiders.

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.