VisionPoint Advisory Group LLC Has $1.54 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

VisionPoint Advisory Group LLC lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,718 shares of the company’s stock after selling 258 shares during the period. VisionPoint Advisory Group LLC’s holdings in Datadog were worth $1,539,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC lifted its position in shares of Datadog by 55.9% during the 4th 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. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new position in Datadog in the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DDOG shares. Citigroup cut their price target on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. DA Davidson upped their price target on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and cut their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.39.

Datadog Stock Performance

Shares of DDOG opened at $126.38 on Friday. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 247.81, a PEG ratio of 44.94 and a beta of 1.15. The business’s fifty day moving average price is $142.85 and its two-hundred day moving average price is $131.47. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

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

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 556,674 shares of company stock worth $82,904,025. Insiders own 11.78% of the company’s stock.

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.