Sender Co & Partners Inc. Purchases New Shares in Datadog, Inc. (NASDAQ:DDOG)

Sender Co & Partners Inc. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,650 shares of the company's stock, valued at approximately $1,093,000. Datadog comprises 1.0% of Sender Co & Partners Inc.'s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Datadog in the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of Datadog by 417.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after purchasing an additional 259 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Down 0.1%

Shares of NASDAQ DDOG traded down $0.17 during trading hours on Tuesday, reaching $116.29. 2,995,249 shares of the stock traded hands, compared to its average volume of 4,372,995. The company has a market capitalization of $40.16 billion, a P/E ratio of 228.02, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company's 50-day simple moving average is $101.39 and its two-hundred day simple moving average is $125.45.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on DDOG. DA Davidson boosted their price target on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Rosenblatt Securities lowered their price target on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Scotiabank set a $130.00 price target on Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Barclays increased their price target on Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Finally, Macquarie cut their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Seven 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.54.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred 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 of the company's stock, valued at $37,986,009.75. The trade was a 25.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the transaction, the chief executive officer now directly owns 435,793 shares in the company, valued at $47,745,481.08. This trade represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 584,867 shares of company stock valued at $60,517,652. Corporate insiders own 11.78% of the company's stock.

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.