TD Private Client Wealth LLC Purchases 4,569 Shares of Datadog, Inc. (NASDAQ:DDOG)

TD Private Client Wealth LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3,087.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,717 shares of the company's stock after purchasing an additional 4,569 shares during the period. TD Private Client Wealth LLC's holdings in Datadog were worth $674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DDOG. True Wealth Design LLC grew its holdings 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 worth $28,000 after buying an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC raised its holdings in shares of Datadog by 55.9% in the fourth 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 last quarter. Quarry LP bought a new stake in shares of Datadog in the third quarter worth $33,000. Finally, Kieckhefer Group LLC acquired a new position in Datadog during the fourth quarter worth $43,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DDOG. Cantor Fitzgerald started coverage on shares of Datadog in a research report on Friday, January 17th. They set an "overweight" rating and a $180.00 price target on the stock. Wolfe Research cut Datadog from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, February 18th. JMP Securities reaffirmed a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Guggenheim reissued a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Citigroup dropped their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Datadog has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Remove Ads

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the transaction, the chief technology officer now directly owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. The trade was a 25.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the sale, the director now directly owns 195,667 shares of the company's stock, valued at approximately $27,612,527.04. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,412 shares of company stock valued at $75,444,584 over the last ninety days. 11.78% of the stock is owned by company insiders.

Datadog Trading Down 2.9 %

DDOG traded down $3.12 on Thursday, reaching $104.85. The stock had a trading volume of 2,697,693 shares, compared to its average volume of 4,099,650. The firm has a 50-day moving average of $125.18 and a 200-day moving average of $130.87. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The company has a market capitalization of $35.94 billion, a price-to-earnings ratio of 205.59, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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%. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog Company 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.