NEOS Investment Management LLC Has $2.92 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

NEOS Investment Management LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,423 shares of the company’s stock after purchasing an additional 3,227 shares during the period. NEOS Investment Management LLC’s holdings in Datadog were worth $2,918,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Datadog by 12,000.0% in 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. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Quarry LP acquired a new position in shares of Datadog during the 3rd quarter valued at about $33,000. Finally, Kieckhefer Group LLC bought a new position in shares of Datadog in the 4th quarter valued at approximately $43,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Down 3.6 %

Shares of NASDAQ:DDOG opened at $101.10 on Friday. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08. The stock has a market capitalization of $34.65 billion, a P/E ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22. The business has a 50-day moving average price of $123.79 and a two-hundred day moving average price of $130.65.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results 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%. As a group, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DDOG shares. Loop Capital upped their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Macquarie reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. DA Davidson lifted their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Truist Financial lowered their price target on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the transaction, the chief executive officer now owns 435,793 shares of the company’s stock, valued at $47,745,481.08. The trade was a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock valued at $75,444,584 in the last 90 days. 11.78% of the stock is owned by company insiders.

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.