Quantbot Technologies LP Has $1.82 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Quantbot Technologies LP lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 82.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,761 shares of the company’s stock after selling 59,168 shares during the quarter. Quantbot Technologies LP’s holdings in Datadog were worth $1,823,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. TD Private Client Wealth LLC raised its holdings in shares of Datadog by 3,087.2% during the fourth quarter. TD Private Client Wealth LLC now owns 4,717 shares of the company’s stock valued at $674,000 after purchasing an additional 4,569 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Datadog by 113.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 41,670 shares of the company’s stock valued at $5,954,000 after purchasing an additional 22,140 shares during the period. Whittier Trust Co. raised its holdings in shares of Datadog by 77.1% during the fourth quarter. Whittier Trust Co. now owns 97,894 shares of the company’s stock valued at $13,988,000 after purchasing an additional 42,613 shares during the period. Berkshire Capital Holdings Inc. raised its holdings in shares of Datadog by 731,900.0% during the fourth quarter. Berkshire Capital Holdings Inc. now owns 73,200 shares of the company’s stock valued at $10,460,000 after purchasing an additional 73,190 shares during the period. Finally, iA Global Asset Management Inc. raised its holdings in shares of Datadog by 6.4% during the fourth quarter. iA Global Asset Management Inc. now owns 33,759 shares of the company’s stock valued at $4,824,000 after purchasing an additional 2,045 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $862,646.16. Following the sale, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 626,412 shares of company stock worth $79,144,334. 11.78% of the stock is owned by corporate insiders.

Datadog Trading Up 1.8 %

Shares of DDOG stock opened at $105.03 on Monday. The stock has a market capitalization of $36.00 billion, a P/E ratio of 205.95, a PEG ratio of 44.03 and a beta of 1.22. The firm’s 50 day moving average is $126.97 and its 200 day moving average is $131.01. Datadog, Inc. has a 12 month low of $98.30 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Macquarie restated an “outperform” rating and issued a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Finally, Citigroup lowered their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.