Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 38.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,936 shares of the company’s stock after buying an additional 822 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $420,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC grew its holdings 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 purchasing an additional 81 shares during the period. True Wealth Design LLC increased its position in Datadog by 12,000.0% during 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 last quarter. Meeder Asset Management Inc. raised its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP acquired a new position in shares of Datadog in the 3rd quarter valued at $33,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Citigroup dropped their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and cut their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling

In related news, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the transaction, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 626,412 shares of company stock valued at $79,144,334. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Down 1.0 %

Shares of Datadog stock opened at $102.93 on Wednesday. The business has a fifty day simple moving average of $129.20 and a 200-day simple moving average of $131.18. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The firm has a market cap of $35.28 billion, a price-to-earnings ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued 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%. Analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.