AssuredPartners Investment Advisors LLC Buys Shares of 3,608 Datadog, Inc. (NASDAQ:DDOG)

AssuredPartners Investment Advisors LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,608 shares of the company's stock, valued at approximately $516,000.

Several other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC boosted its holdings in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew 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 worth $32,000 after acquiring an additional 81 shares during the period. Quarry LP acquired a new position in Datadog during the third quarter worth $33,000. Finally, Kieckhefer Group LLC purchased a new stake in Datadog during the fourth quarter worth $43,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Trading Up 1.1 %

DDOG stock traded up $1.10 during mid-day trading on Tuesday, hitting $100.31. 1,755,232 shares of the company were exchanged, compared to its average volume of 4,179,991. The firm has a fifty day simple moving average of $123.01 and a 200 day simple moving average of $130.88. The company has a market capitalization of $34.38 billion, a PE ratio of 196.33, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a twelve month low of $96.63 and a twelve month high of $170.08.

Remove Ads

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.28% and a net margin of 6.85%. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the transaction, the director now owns 427,785 shares in the company, valued at $60,796,804.20. The trade was a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, 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 ninety days, insiders have sold 601,412 shares of company stock valued at $75,444,584. Corporate insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DDOG. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Wells Fargo & Company lowered shares of Datadog from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. Finally, DA Davidson upped their price objective on Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.22.

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.