Virtu Financial LLC Invests $645,000 in Datadog, Inc. (NASDAQ:DDOG)

Virtu Financial LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,518 shares of the company’s stock, valued at approximately $645,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quest Partners LLC lifted its position in shares of Datadog by 2,323.9% during the 3rd quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock worth $128,000 after buying an additional 1,069 shares during the last quarter. Pathstone Holdings LLC raised its stake in Datadog by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. Intech Investment Management LLC raised its stake in Datadog by 14.8% during the 3rd quarter. Intech Investment Management LLC now owns 16,084 shares of the company’s stock worth $1,851,000 after acquiring an additional 2,069 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Datadog by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after acquiring an additional 29,404 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Datadog by 33.9% in the third quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock valued at $4,689,000 after acquiring an additional 10,318 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In related news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the transaction, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the sale, the chief technology officer now owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 626,412 shares of company stock worth $79,144,334. Corporate insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial cut their target price on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Barclays cut their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and decreased their price target for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. DA Davidson lifted their target price on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upped their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Up 4.9 %

Datadog stock opened at $110.17 on Tuesday. The firm has a market capitalization of $37.76 billion, a PE ratio of 216.02, a P/E/G ratio of 44.03 and a beta of 1.22. The firm’s 50-day simple moving average is $126.41 and its 200 day simple moving average is $131.01. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08.

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

Datadog 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.