Syon Capital LLC Buys Shares of 5,490 Datadog, Inc. (NASDAQ:DDOG)

Syon Capital LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,490 shares of the company’s stock, valued at approximately $666,000.

Several other large investors have also recently made changes to their positions in DDOG. CWM LLC raised its stake in shares of Datadog by 12.2% during the third quarter. CWM LLC now owns 5,289 shares of the company’s stock worth $482,000 after acquiring an additional 574 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Datadog by 54.5% in the third quarter. Global Retirement Partners LLC now owns 649 shares of the company’s stock worth $57,000 after buying an additional 229 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Datadog by 6.9% in the third quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the company’s stock worth $213,000 after buying an additional 150 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Datadog by 83.6% in the third quarter. Exchange Traded Concepts LLC now owns 10,984 shares of the company’s stock worth $1,001,000 after buying an additional 5,002 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of Datadog by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 98,883 shares of the company’s stock worth $9,007,000 after buying an additional 1,147 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Datadog news, CRO Sean Michael Walters sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $129.86, for a total value of $1,298,600.00. Following the completion of the transaction, the executive now owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders have sold a total of 759,908 shares of company stock worth $97,728,997 in the last quarter. Corporate insiders own 14.97% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Citigroup lifted their target price on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 target price (up from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $150.00 in a report on Tuesday. Finally, Truist Financial lifted their price target on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.70.

Datadog Stock Up 5.0 %

Datadog stock traded up $6.20 during mid-day trading on Friday, reaching $131.45. The stock had a trading volume of 5,011,444 shares, compared to its average volume of 4,045,948. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 1,089.00 and a beta of 1.15. The company has a 50-day moving average price of $125.21 and a two-hundred day moving average price of $116.73. Datadog, Inc. has a one year low of $63.00 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. On average, analysts expect that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

About Datadog

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.