Murphy & Mullick Capital Management Corp Buys New Stake in Datadog, Inc. (NASDAQ:DDOG)

Murphy & Mullick Capital Management Corp purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 665 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Datadog during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Quarry LP purchased a new stake in shares of Datadog in the third quarter valued at $33,000. Finally, Kieckhefer Group LLC purchased a new stake in Datadog in the 4th quarter worth about $43,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’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 owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the transaction, the director now owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 601,412 shares of company stock worth $75,444,584. Insiders own 11.78% of the company’s stock.

Datadog Trading Down 2.4 %

Shares of NASDAQ:DDOG opened at $107.97 on Thursday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The company has a market cap of $37.01 billion, a PE ratio of 211.71, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The company’s 50 day moving average is $125.18 and its 200 day moving average is $130.87.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DDOG shares. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lowered Datadog from a “buy” rating to a “hold” rating and decreased their target price for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.