Artemis Wealth Advisors LLC Invests $1.29 Million in Datadog, Inc. (NASDAQ:DDOG)

Artemis Wealth Advisors LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,000 shares of the company’s stock, valued at approximately $1,286,000. Datadog comprises approximately 0.2% of Artemis Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors have also modified their holdings of DDOG. Creative Planning lifted its position in shares of Datadog by 17.6% during the 3rd quarter. Creative Planning now owns 17,141 shares of the company’s stock worth $1,972,000 after purchasing an additional 2,563 shares during the last quarter. Blue Trust Inc. boosted its stake in Datadog by 80.3% in the third quarter. Blue Trust Inc. now owns 539 shares of the company’s stock valued at $62,000 after acquiring an additional 240 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Datadog in the third quarter valued at $4,038,000. Hennion & Walsh Asset Management Inc. boosted its stake in Datadog by 40.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,801 shares of the company’s stock valued at $552,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in Datadog by 96.5% in the third quarter. Ballentine Partners LLC now owns 4,085 shares of the company’s stock valued at $470,000 after acquiring an additional 2,006 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 1.8 %

Shares of Datadog stock opened at $117.51 on Tuesday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The stock has a market cap of $39.92 billion, a PE ratio of 230.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. The company has a 50-day moving average of $141.41 and a two-hundred day moving average of $131.95.

Datadog (NASDAQ:DDOG) last issued its earnings results 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%. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the transaction, the director now directly owns 195,667 shares of the company’s stock, valued at $27,289,676.49. This trade represents a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred 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 directly owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 556,674 shares of company stock valued at $82,904,025. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays decreased their target price on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Macquarie reiterated an “outperform” rating and set a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. Finally, Robert W. Baird increased their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

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.