Proficio Capital Partners LLC Acquires Shares of 104,167 Datadog, Inc. (NASDAQ:DDOG)

Proficio Capital Partners LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 104,167 shares of the company's stock, valued at approximately $14,884,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted 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 acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% during the 4th 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. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity at Datadog

In related news, General Counsel Kerry Acocella sold 2,488 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company's stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DDOG shares. Truist Financial reduced their price objective on shares of Datadog from $150.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They issued an "overweight" rating and a $180.00 price objective for the company. Wells Fargo & Company lowered Datadog from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. Finally, Morgan Stanley restated an "equal weight" rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and a consensus target price of $158.70.

Datadog Trading Down 1.5 %

Shares of Datadog stock traded down $1.71 during trading hours on Monday, reaching $114.84. 2,255,835 shares of the company's stock were exchanged, compared to its average volume of 3,991,378. The stock has a market cap of $39.01 billion, a P/E ratio of 225.53, a P/E/G ratio of 44.03 and a beta of 1.15. The company has a 50 day moving average of $138.51 and a two-hundred day moving average of $131.99. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 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%. As a group, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.