Sculptor Capital LP Buys New Position in Datadog, Inc. (NASDAQ:DDOG)

Sculptor Capital LP purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,200 shares of the company's stock, valued at approximately $5,744,000.

Several other institutional investors also recently bought and sold shares of DDOG. Wedmont Private Capital raised its position in Datadog by 8.3% during the fourth quarter. Wedmont Private Capital now owns 2,149 shares of the company's stock valued at $302,000 after acquiring an additional 164 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in Datadog by 37.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,387 shares of the company's stock valued at $484,000 after acquiring an additional 916 shares in the last quarter. Park Avenue Securities LLC raised its position in Datadog by 102.6% during the fourth quarter. Park Avenue Securities LLC now owns 16,160 shares of the company's stock valued at $2,309,000 after acquiring an additional 8,185 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Datadog by 31.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,307 shares of the company's stock valued at $901,000 after acquiring an additional 1,506 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. raised its position in Datadog by 12.8% during the fourth quarter. StoneCrest Wealth Management Inc. now owns 5,525 shares of the company's stock valued at $789,000 after acquiring an additional 628 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DDOG. Stifel Nicolaus set a $120.00 price objective on Datadog in a report on Tuesday, May 6th. Rosenblatt Securities dropped their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Citigroup dropped their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Scotiabank set a $130.00 price objective on Datadog and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Needham & Company LLC dropped their price objective on Datadog from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $141.54.

Insider Buying and Selling

In other news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $118.67, for a total transaction of $2,966,750.00. Following the completion of the transaction, the director now directly owns 82,324 shares of the company's stock, valued at approximately $9,769,389.08. This represents a 23.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the transaction, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. This represents a 16.00% decrease in their ownership of the stock. 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 three months. 11.78% of the stock is owned by corporate insiders.

Datadog Price Performance

Shares of DDOG stock traded down $0.17 on Tuesday, hitting $116.29. The stock had a trading volume of 2,995,249 shares, compared to its average volume of 4,372,995. The firm has a market capitalization of $40.16 billion, a P/E ratio of 228.02, a P/E/G 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. The company's 50 day moving average price is $101.39 and its 200-day moving average price is $125.45.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.