BluePointe Capital Management LLC Has $327,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

BluePointe Capital Management LLC reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,291 shares of the company’s stock after selling 794 shares during the quarter. BluePointe Capital Management LLC’s holdings in Datadog were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Atria Investments Inc increased its holdings in Datadog by 9.5% during the 3rd quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock worth $553,000 after purchasing an additional 416 shares in the last quarter. Quest Partners LLC boosted its position in shares of Datadog by 2,323.9% during the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock valued at $128,000 after buying an additional 1,069 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in Datadog by 40.1% during the third quarter. Meeder Advisory Services Inc. now owns 5,026 shares of the company’s stock worth $578,000 after buying an additional 1,439 shares in the last quarter. Pathstone Holdings LLC raised its position in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Up 1.5 %

Shares of DDOG opened at $104.43 on Thursday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The stock has a market cap of $35.79 billion, a PE ratio of 204.77, a P/E/G ratio of 44.03 and a beta of 1.22. The business’s 50-day moving average price is $128.45 and its 200-day moving average price is $130.99.

Datadog (NASDAQ:DDOG) last posted its earnings results 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 expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DDOG shares. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Citigroup reduced their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Loop Capital increased their price target on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling

In related news, CRO Sean Michael Walters sold 8,454 shares of the company’s 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 transaction, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 626,412 shares of company stock worth $79,144,334. Corporate insiders own 11.78% of the company’s stock.

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.