HighPoint Advisor Group LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

HighPoint Advisor Group LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,003 shares of the company’s stock, valued at approximately $291,000.

A number of other large investors have also modified their holdings of the stock. Townsquare Capital LLC raised its stake in shares of Datadog by 50.5% during the third quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock valued at $330,000 after purchasing an additional 963 shares during the period. Rockefeller Capital Management L.P. increased its stake in Datadog by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock worth $1,746,000 after buying an additional 511 shares during the period. Captrust Financial Advisors boosted its position in Datadog by 16.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock valued at $1,095,000 after buying an additional 1,349 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Datadog by 78,000.0% during the third quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company’s stock worth $270,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new position in shares of Datadog in the third quarter worth about $291,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 7.1 %

Shares of Datadog stock opened at $94.47 on Friday. Datadog, Inc. has a 52 week low of $93.15 and a 52 week high of $170.08. The stock has a market cap of $32.38 billion, a PE ratio of 185.24, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The company’s 50-day moving average price is $120.58 and its two-hundred day moving average price is $130.37.

Datadog (NASDAQ:DDOG) last released its 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 net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the sale, the director now owns 195,667 shares in the company, valued at $27,612,527.04. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock valued at $75,444,584 over the last three months. Insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Macquarie restated an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.22.

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.