Planned Solutions Inc. Buys Shares of 750 Datadog, Inc. (NASDAQ:DDOG)

Planned Solutions Inc. bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 750 shares of the company’s stock, valued at approximately $91,000.

A number of other institutional investors have also made changes to their positions in DDOG. Cerity Partners LLC lifted its stake in Datadog by 1.8% during the 2nd quarter. Cerity Partners LLC now owns 21,424 shares of the company’s stock worth $2,108,000 after acquiring an additional 374 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Datadog in the third quarter valued at approximately $189,668,000. Quintet Private Bank Europe S.A. purchased a new stake in Datadog during the 3rd quarter worth approximately $270,000. Mengis Capital Management Inc. acquired a new stake in Datadog during the 3rd quarter worth approximately $409,000. Finally, Marshall Wace LLP boosted its position in Datadog by 68.9% in the 2nd quarter. Marshall Wace LLP now owns 601,082 shares of the company’s stock valued at $59,134,000 after buying an additional 245,175 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ:DDOG opened at $123.51 on Thursday. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The firm has a market cap of $40.99 billion, a PE ratio of 1,029.25 and a beta of 1.17. The firm has a 50 day simple moving average of $127.31 and a 200-day simple moving average of $112.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) EPS. On average, equities analysts expect that Datadog, Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

DDOG has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $145.00 target price (up previously from $115.00) on shares of Datadog in a report on Monday, February 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. William Blair reissued an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Truist Financial lifted their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada raised their target price on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Insider Buying and Selling

In other Datadog news, COO Adam Blitzer sold 20,892 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the sale, the chief operating officer now owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Datadog news, COO Adam Blitzer sold 20,892 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,686,293.36. Following the transaction, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at approximately $26,166,415.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Amit Agarwal sold 33,311 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the sale, the president now directly owns 294,012 shares of the company’s stock, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. In the last three months, insiders sold 816,027 shares of company stock valued at $102,761,314. Company insiders own 14.97% 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.