Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,193 shares of the company’s stock after buying an additional 7,415 shares during the period. Blair William & Co. IL’s holdings in Datadog were worth $5,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% during 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 raised its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Quarry LP acquired a new stake in Datadog in the third quarter worth about $33,000. Finally, Kieckhefer Group LLC bought a new position in Datadog in the 4th quarter valued at about $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following 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 have sold a total of 601,412 shares of company stock worth $75,444,584 over the last 90 days. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DDOG. Citigroup cut their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Stifel Nicolaus lowered 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. Finally, Wolfe Research downgraded shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Trading Down 3.6 %

DDOG stock opened at $101.10 on Monday. The firm has a market cap of $34.65 billion, a PE ratio of 198.24, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The company has a fifty day simple moving average of $123.79 and a 200 day simple moving average of $130.95.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (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%. As a group, analysts forecast that Datadog, Inc. will post 0.34 EPS 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.