Townsquare Capital LLC Buys 432 Shares of Datadog, Inc. (NASDAQ:DDOG)

Townsquare Capital LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,303 shares of the company’s stock after purchasing an additional 432 shares during the quarter. Townsquare Capital LLC’s holdings in Datadog were worth $472,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog during the fourth quarter valued at about $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Kieckhefer Group LLC bought a new position in Datadog in the 4th quarter valued at $43,000. Summit Securities Group LLC bought a new position in Datadog in the 4th quarter valued at $43,000. Finally, Friedenthal Financial bought a new position in shares of Datadog in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG opened at $91.06 on Monday. The stock’s 50 day moving average price is $106.75 and its 200-day moving average price is $128.35. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a market capitalization of $31.21 billion, a PE ratio of 178.54, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 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%. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the transaction, the chief executive officer now owns 563,598 shares of the company’s stock, valued at approximately $49,219,013.34. This trade represents a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 548,756 shares of company stock worth $62,219,250 in the last quarter. 11.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price objective on Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Macquarie restated an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Jefferies Financial Group reissued a “buy” rating and issued a $135.00 price target (down previously from $150.00) on shares of Datadog in a report on Monday, April 7th. Finally, Rosenblatt Securities lifted their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.37.

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.