Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Sandy Spring Bank

Sandy Spring Bank raised its position in Datadog, Inc. (NASDAQ:DDOG) by 28.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,195 shares of the company’s stock after acquiring an additional 4,248 shares during the period. Sandy Spring Bank’s holdings in Datadog were worth $2,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC raised its holdings 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 buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Datadog in the third quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 1.2 %

Shares of NASDAQ DDOG opened at $103.17 on Friday. The company’s 50-day simple moving average is $127.67 and its 200-day simple moving average is $130.80. Datadog, Inc. has a 52-week low of $98.30 and a 52-week high of $170.08. The firm has a market cap of $35.36 billion, a price-to-earnings ratio of 202.30, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted 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%. Equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the subject of a number of research analyst reports. Loop Capital raised their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the transaction, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. The trade was a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was 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 in the company, valued at $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 626,412 shares of company stock worth $79,144,334. 11.78% of the stock is owned by insiders.

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.