Sivia Capital Partners LLC Has $229,000 Stake in Datadog, Inc. (NASDAQ:DDOG)

Sivia Capital Partners LLC reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,987 shares of the company’s stock after selling 207 shares during the quarter. Sivia Capital Partners LLC’s holdings in Datadog were worth $229,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Riverview Trust Co bought a new position in Datadog in the first quarter valued at approximately $26,000. SouthState Corp acquired a new stake in Datadog in the 2nd quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in Datadog in the 4th quarter valued at $29,000. Blue Trust Inc. acquired a new stake in Datadog in the 2nd quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC increased its stake in Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 15,832 shares of Datadog stock in a transaction on Friday, October 4th. The shares were sold at an average price of $120.02, for a total value of $1,900,156.64. Following the sale, the director now owns 459,449 shares in the company, valued at $55,143,068.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the transaction, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the transaction, the director now directly owns 459,449 shares in the company, valued at $55,143,068.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 361,574 shares of company stock worth $41,291,591 over the last quarter. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 0.6 %

Shares of DDOG stock traded down $0.76 during trading hours on Monday, hitting $129.05. 1,213,099 shares of the company’s stock were exchanged, compared to its average volume of 3,817,106. The company has a market capitalization of $43.17 billion, a PE ratio of 403.50, a PEG ratio of 22.85 and a beta of 1.11. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The business’s 50 day simple moving average is $114.75 and its 200-day simple moving average is $119.26.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The company had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. Equities analysts anticipate that Datadog, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DDOG. Barclays lowered their price target on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. Scotiabank decreased their price objective on shares of Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th. Finally, BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $141.19.

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.