1,836 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Good Life Advisors LLC

Good Life Advisors LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,836 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Datadog in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. lifted its stake in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP acquired a new position in Datadog in the third quarter valued at approximately $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This represents a 28.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock worth $82,904,025 in the last quarter. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $119.67 on Friday. The company has a market capitalization of $40.66 billion, a PE ratio of 234.66, a price-to-earnings-growth ratio of 44.94 and a beta of 1.15. The business has a fifty day moving average price of $142.18 and a two-hundred day moving average price of $131.57. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Citigroup dropped their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group upped their target price on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.39.

About Datadog

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.