Ieq Capital LLC Trims Holdings in Datadog, Inc. (NASDAQ:DDOG)

Ieq Capital LLC reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 396,587 shares of the company's stock after selling 31,284 shares during the period. Datadog accounts for about 0.8% of Ieq Capital LLC's investment portfolio, making the stock its 23rd largest position. Ieq Capital LLC owned about 0.12% of Datadog worth $48,138,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Datadog in the 4th quarter valued at $25,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after buying an additional 223 shares during the last quarter. AM Squared Ltd purchased a new stake in Datadog in the 3rd quarter valued at about $36,000. GAMMA Investing LLC purchased a new position in shares of Datadog during the 4th quarter worth about $45,000. Finally, Headinvest LLC acquired a new stake in shares of Datadog in the third quarter worth approximately $46,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DDOG shares. Wedbush reaffirmed an "outperform" rating and set a $155.00 price target on shares of Datadog in a research report on Monday, May 6th. Canaccord Genuity Group restated a "buy" rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Citigroup boosted their target price on Datadog from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, January 22nd. Wolfe Research raised their price target on shares of Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, May 7th. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.58.

Datadog Stock Down 0.6 %

NASDAQ:DDOG traded down $0.71 during mid-day trading on Monday, reaching $118.26. The stock had a trading volume of 3,234,855 shares, compared to its average volume of 4,277,181. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market capitalization of $39.25 billion, a price-to-earnings ratio of 369.94 and a beta of 1.14. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61. The stock's 50 day simple moving average is $123.77 and its two-hundred day simple moving average is $119.84.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business's revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. Equities analysts anticipate that Datadog, Inc. will post -0.1 EPS for the current year.

Insider Transactions at Datadog

In related news, insider Madre Armelle De sold 300 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares in the company, valued at approximately $11,343,008.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Sean Michael Walters sold 20,692 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the completion of the sale, the executive now owns 182,593 shares in the company, valued at $23,477,807.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 585,425 shares of company stock worth $74,023,906. 11.78% of the stock is currently owned by insiders.

Datadog Company 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.

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