Science & Technology Partners L.P. Invests $393,000 in Datadog, Inc. (NASDAQ:DDOG)

Science & Technology Partners L.P. acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,750 shares of the company's stock, valued at approximately $393,000. Datadog makes up about 0.1% of Science & Technology Partners L.P.'s portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Datadog during the fourth quarter worth $14,884,000. ARK Investment Management LLC raised its stake in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock valued at $18,188,000 after acquiring an additional 49,050 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock worth $7,590,000 after purchasing an additional 30,998 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Datadog by 3.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock valued at $10,358,000 after purchasing an additional 2,451 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Datadog stock traded down $0.82 on Monday, reaching $100.70. The company's stock had a trading volume of 1,091,452 shares, compared to its average volume of 4,341,690. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market cap of $34.52 billion, a price-to-earnings ratio of 197.18, a PEG ratio of 44.03 and a beta of 1.20. The business's fifty day moving average price is $102.74 and its 200 day moving average price is $127.32.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 of the company's stock, valued at approximately $9,538,058.64. This trade represents a 10.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 512,561 shares of company stock valued at $57,166,767. 11.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent analyst reports. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Macquarie restated an "outperform" rating and set a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. DA Davidson cut their price target on Datadog from $165.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. UBS Group dropped their target price on shares of Datadog from $164.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They set an "overweight" rating and a $180.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $150.33.

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.