Private Wealth Partners LLC Buys Shares of 8,560 Datadog, Inc. (NASDAQ:DDOG)

Private Wealth Partners LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,560 shares of the company’s stock, valued at approximately $1,223,000.

Other large investors have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. grew its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new position in Datadog during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock valued at $82,904,025 in the last quarter. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Citigroup decreased their price target on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a report on Friday, February 14th. Finally, Loop Capital lifted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $158.39.

Datadog Trading Down 1.4 %

Shares of NASDAQ DDOG opened at $128.85 on Thursday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The business has a 50-day moving average price of $143.45 and a two-hundred day moving average price of $131.51. The firm has a market capitalization of $43.77 billion, a PE ratio of 252.65, a PEG ratio of 15.23 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Research analysts anticipate that Datadog, Inc. will post 0.58 EPS for the current year.

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.