Qsemble Capital Management LP Buys Shares of 37,095 Datadog, Inc. (NASDAQ:DDOG)

Qsemble Capital Management LP purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,095 shares of the company’s stock, valued at approximately $4,503,000. Datadog comprises approximately 1.1% of Qsemble Capital Management LP’s holdings, making the stock its 8th biggest holding.

Several other hedge funds also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after purchasing an additional 97 shares in the last quarter. AM Squared Ltd increased its holdings in Datadog by 25.0% in the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Datadog by 3.2% in the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after buying an additional 100 shares during the period. Sunbelt Securities Inc. boosted its holdings in Datadog by 5.3% during the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after buying an additional 110 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Datadog by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 11,410 shares of the company’s stock worth $1,039,000 after buying an additional 146 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of Datadog stock traded up $3.10 on Friday, reaching $118.97. 5,174,685 shares of the stock were exchanged, compared to its average volume of 4,845,256. The firm’s 50 day moving average is $123.77 and its 200-day moving average is $119.57. The firm has a market cap of $39.48 billion, a PE ratio of 371.78 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.17 and a current ratio of 3.43. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOGGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter last year, the business posted ($0.08) EPS. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, analysts anticipate that Datadog, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, insider Madre Armelle De sold 300 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 712,530 shares of company stock valued at $91,195,791. 11.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Robert W. Baird upgraded Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $130.00 to $140.00 in a report on Wednesday. Wolfe Research upped their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial lifted their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average target price of $135.58.

Read Our Latest Report on DDOG

Datadog Profile

(Free Report)

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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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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