Bryce Point Capital LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Bryce Point Capital LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,274 shares of the company’s stock, valued at approximately $1,611,000.

Several other large investors have also modified their holdings of DDOG. Townsquare Capital LLC boosted its stake in Datadog by 50.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock worth $330,000 after purchasing an additional 963 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Datadog in the third quarter valued at about $302,000. Rockefeller Capital Management L.P. raised its holdings in shares of Datadog by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock valued at $1,746,000 after buying an additional 511 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Datadog by 16.5% during the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after buying an additional 1,349 shares during the period. Finally, True Wealth Design LLC grew its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

DDOG stock opened at $101.06 on Wednesday. The stock’s 50 day moving average price is $122.26 and its 200 day moving average price is $130.82. The firm has a market cap of $34.64 billion, a P/E ratio of 198.16, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1 year low of $96.63 and a 1 year high of $170.08.

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Macquarie reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. Loop Capital increased their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada boosted their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Jefferies Financial Group cut their price objective on shares of Datadog from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays lowered their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.22.

Insiders Place Their Bets

In related news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the sale, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock valued at $75,444,584 in the last ninety days. Insiders own 11.78% of the company’s stock.

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.