1,836 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Good Life Advisors LLC

Good Life Advisors LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,836 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors have also added to or reduced their stakes in DDOG. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC raised its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of 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 purchased a new stake in shares of Datadog in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG opened at $119.67 on Friday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market capitalization of $40.66 billion, a PE ratio of 234.66, a price-to-earnings-growth ratio of 44.94 and a beta of 1.15. The stock’s 50 day moving average price is $142.18 and its 200-day moving average price is $131.57.

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

Insider Activity

In other news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 556,674 shares of company stock valued at $82,904,025. Company insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DDOG. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and lowered 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. Jefferies Financial Group raised their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.39.

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.