Sivia Capital Partners LLC Acquires 124 Shares of Datadog, Inc. (NASDAQ:DDOG)

Sivia Capital Partners LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,149 shares of the company’s stock after buying an additional 124 shares during the period. Sivia Capital Partners LLC’s holdings in Datadog were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in shares of Datadog during the fourth quarter worth approximately $25,000. Riverview Trust Co bought a new position in shares of Datadog during the first quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new position in shares of Datadog during the fourth quarter worth approximately $29,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in shares of Datadog during the fourth quarter worth approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 0.2 %

NASDAQ:DDOG traded up $0.24 during trading hours on Wednesday, hitting $131.99. 1,028,010 shares of the company were exchanged, compared to its average volume of 4,113,803. The stock has a market capitalization of $44.15 billion, a price-to-earnings ratio of 414.72, a price-to-earnings-growth ratio of 42.70 and a beta of 1.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61. The company has a fifty day simple moving average of $120.09 and a 200 day simple moving average of $123.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Sell-side analysts expect that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Datadog in a research note on Wednesday, June 26th. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research note on Wednesday, April 17th. Baird R W upgraded Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Monness Crespi & Hardt reissued a “sell” rating and set a $98.00 price target (down previously from $290.00) on shares of Datadog in a research report on Friday, June 14th. Finally, Bank of America raised Datadog from a “neutral” rating to a “buy” rating and increased their price target for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $136.04.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 98,690 shares of Datadog stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.16, for a total value of $10,773,000.40. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $35,426,677.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Olivier Pomel sold 98,690 shares of Datadog stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.16, for a total value of $10,773,000.40. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $35,426,677.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Madre Armelle De sold 600 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the sale, the insider now owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The disclosure for this sale can be found here. Insiders sold a total of 706,137 shares of company stock valued at $83,243,518 in the last three months. Insiders own 11.78% of the company’s stock.

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.