Susquehanna Fundamental Investments LLC Purchases New Position in Datadog, Inc. (NASDAQ:DDOG)

Susquehanna Fundamental Investments LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,621 shares of the company's stock, valued at approximately $2,232,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after purchasing an additional 75 shares in the last quarter. Spire Wealth Management raised its stake in shares of Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after acquiring an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Datadog by 16.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after acquiring an additional 94 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares of the company's stock, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction 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 transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 512,561 shares of company stock valued at $57,166,767 over the last quarter. Company insiders own 11.78% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank lowered their price target on shares of Datadog from $155.00 to $125.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company downgraded Datadog from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Guggenheim restated a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Wolfe Research cut Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Finally, JMP Securities reissued a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Datadog Stock Up 0.6 %

Shares of DDOG stock opened at $102.31 on Wednesday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm's 50 day moving average price is $101.72 and its two-hundred day moving average price is $126.95. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 200.61, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

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

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.

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