MIG Capital LLC Buys Shares of 2,286 Datadog, Inc. (NASDAQ:DDOG)

MIG Capital LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,286 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in Datadog by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock worth $1,746,000 after purchasing an additional 511 shares during the period. Captrust Financial Advisors raised its stake in Datadog by 16.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after buying an additional 1,349 shares during the period. Benjamin Edwards Inc. lifted its holdings in Datadog by 78,000.0% during the third quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company’s stock worth $270,000 after acquiring an additional 2,340 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Datadog during the third quarter worth about $291,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Datadog by 29.8% during the 3rd quarter. Janus Henderson Group PLC now owns 22,851 shares of the company’s stock valued at $2,629,000 after purchasing an additional 5,252 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 601,412 shares of company stock valued at $75,444,584. Insiders own 11.78% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $87.93 on Friday. The company’s 50-day moving average is $119.52 and its 200-day moving average is $130.33. The firm has a market capitalization of $30.14 billion, a PE ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $86.57 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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%. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on DDOG shares. DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Wolfe Research cut shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Loop Capital lifted their price target on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $157.22.

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.