Artemis Wealth Advisors LLC Purchases Shares of 9,000 Datadog, Inc. (NASDAQ:DDOG)

Artemis Wealth Advisors LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,000 shares of the company's stock, valued at approximately $1,286,000. Datadog accounts for 0.2% of Artemis Wealth Advisors LLC's investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC boosted 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 purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC increased 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 during the period. Meeder Asset Management Inc. raised its position in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Datadog during the 3rd quarter worth $33,000. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 target price on shares of Datadog in a report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Monness Crespi & Hardt raised 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. Finally, Macquarie reaffirmed an "outperform" rating and set a $200.00 price target on shares of Datadog in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $158.70.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $3.04 during mid-day trading on Friday, reaching $116.57. The company's stock had a trading volume of 5,045,615 shares, compared to its average volume of 4,001,338. The stock has a 50-day moving average of $139.17 and a two-hundred day moving average of $131.71. The stock has a market capitalization of $39.60 billion, a P/E ratio of 228.57, a P/E/G ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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%. Analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 25,000 shares of the business'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 transaction, the president now owns 195,667 shares of the company's stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares of the company's stock, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 556,674 shares of company stock valued at $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.