Advisor OS LLC Buys New Shares in Datadog, Inc. (NASDAQ:DDOG)

Advisor OS LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,344 shares of the company's stock, valued at approximately $621,000.

A number of other large investors also recently bought and sold shares of the stock. Kirtland Hills Capital Management LLC increased its position in shares of Datadog by 36.0% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,580 shares of the company's stock worth $654,000 after purchasing an additional 1,212 shares in the last quarter. ARK Investment Management LLC raised its position in Datadog by 62.7% in the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock valued at $18,188,000 after purchasing an additional 49,050 shares during the period. FFT Wealth Management LLC purchased a new position in Datadog during the 4th quarter valued at about $424,000. Amalgamated Bank boosted its stake in shares of Datadog by 1.5% in the fourth quarter. Amalgamated Bank now owns 20,223 shares of the company's stock valued at $2,890,000 after purchasing an additional 296 shares during the period. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Datadog in the fourth quarter worth $1,286,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DDOG shares. Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of Datadog in a research note on Friday, February 14th. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Monness Crespi & Hardt upgraded shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Macquarie reiterated an "outperform" rating and issued a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. Finally, Cantor Fitzgerald began coverage on Datadog in a research report on Friday, January 17th. They issued an "overweight" rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.70.

Insider Activity at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company's stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 556,674 shares of company stock valued at $82,904,025. Insiders own 11.78% of the company's stock.

Datadog Trading Up 2.7 %

Shares of DDOG stock traded up $3.04 during trading hours on Friday, hitting $116.57. 5,045,615 shares of the company's stock were exchanged, compared to its average volume of 3,997,828. The business's 50 day simple moving average is $138.51 and its 200-day simple moving average is $131.86. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The company has a market capitalization of $39.60 billion, a PE ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current 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.