Tiger Global's Chase Coleman Just Dumped Datadog and Piled Into This Beaten-Down Payments Stock

Hedge fund manager Chase Coleman has been investing in the tech sector for decades now. Known as a "Tiger Cub," Coleman worked at Tiger Management under famed investor Julian Robertson as a research analyst in 1997. Then in 2001, he went on to found Tiger Global, which manages $50 billion in total assets, including a roughly $26.5 billion public equities portfolio. Given Coleman's breadth of knowledge, particularly in the tech sector, it's worth keeping an eye on the stocks that Tiger Global is buying and selling. In the first quarter of 2025, Tiger Global dumped its stake in Datadog (NASDAQ: DDOG) and piled into beaten-down payments stock Block (NYSE: XYZ).Datadog is a cloud monitoring and security platform that enables businesses to keep an eye on their entire tech stack with real-time data and automation, making managing the complex task simpler. This effectively makes operating on the cloud much easier, letting more companies make the leap. It's a good niche to be these days, considering the risks that companies moving to the cloud face.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool