3,545 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,545 shares of the company’s stock, valued at approximately $507,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock worth $146,000 after buying an additional 75 shares during the period. Spire Wealth Management raised its stake in shares of Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Pathstone Holdings LLC raised its stake in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the sale, the director now owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 526,449 shares of company stock worth $70,345,130. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $98.68 on Friday. Datadog, Inc. has a 52-week low of $98.30 and a 52-week high of $170.08. The company has a market capitalization of $33.82 billion, a PE ratio of 193.49, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The business’s fifty day moving average is $131.67 and its 200 day moving average is $131.22.

Datadog (NASDAQ:DDOG) last issued 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 return on equity of 8.28% and a net margin of 6.85%. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DDOG shares. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $152.00 to $140.00 in a report on Thursday, February 13th. Citigroup reduced their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seven have given 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 an average rating of “Moderate Buy” and an average price target 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.