Blair William & Co. IL Buys 7,415 Shares of Datadog, Inc. (NASDAQ:DDOG)

Blair William & Co. IL boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,193 shares of the company's stock after acquiring an additional 7,415 shares during the quarter. Blair William & Co. IL's holdings in Datadog were worth $5,600,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its stake in Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after buying an additional 75 shares during the period. Spire Wealth Management increased its position in shares of Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after acquiring an additional 80 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Datadog by 5.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock valued at $265,000 after purchasing an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Datadog by 16.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock valued at $95,000 after purchasing an additional 94 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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Datadog Price Performance

DDOG traded down $6.33 on Thursday, reaching $95.38. 3,293,107 shares of the company traded hands, compared to its average volume of 4,198,201. The stock's 50 day moving average price is $121.49 and its 200-day moving average price is $130.62. Datadog, Inc. has a 52-week low of $93.23 and a 52-week high of $170.08. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 187.02, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG - Get Free Report) last announced 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, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DDOG shares. Macquarie reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Datadog in a research report on Tuesday, February 11th. Wolfe Research cut shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. JMP Securities restated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Finally, Loop Capital lifted their price target on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. 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 presently has an average rating of "Moderate Buy" and an average target price of $157.22.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the 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 sale, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. This represents a 1.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00. Following the sale, the director now owns 195,667 shares in the company, valued at $27,612,527.04. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,412 shares of company stock worth $75,444,584. Corporate 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.