Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,608 shares of the company’s stock after acquiring an additional 779 shares during the period. Independent Advisor Alliance’s holdings in Datadog were worth $1,087,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% in the fourth 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. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% in the third 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 third 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 stake in Datadog in the third quarter valued at $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Up 3.2 %

Shares of NASDAQ DDOG opened at $101.80 on Friday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The company has a market capitalization of $34.89 billion, a price-to-earnings ratio of 199.61, a PEG ratio of 44.03 and a beta of 1.22. The firm has a 50-day moving average of $130.81 and a two-hundred day moving average of $131.22.

Datadog (NASDAQ:DDOG) last issued 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 net margin of 6.85% and a return on equity of 8.28%. As a group, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 653,554 shares of company stock valued at $83,328,905. 11.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. Loop Capital increased their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and dropped their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Rosenblatt Securities increased their target price on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, DA Davidson increased their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Company 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.