2,967 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by FFT Wealth Management LLC

FFT Wealth Management LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,967 shares of the company's stock, valued at approximately $424,000.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC increased its stake in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares during the period. True Wealth Design LLC increased its stake in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares during the period. Meeder Asset Management Inc. increased its stake in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in Datadog during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Trading Up 2.7 %

NASDAQ:DDOG traded up $3.04 during mid-day trading on Friday, hitting $116.57. The stock had a trading volume of 5,045,615 shares, compared to its average volume of 3,995,717. The stock has a market capitalization of $39.60 billion, a price-to-earnings ratio of 228.57, a P/E/G ratio of 44.03 and a beta of 1.15. The company has a 50 day simple moving average of $138.51 and a 200-day simple moving average of $131.74. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share 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 anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the sale, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 556,674 shares of company stock worth $82,904,025. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DDOG has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Loop Capital lifted their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. BMO Capital Markets lifted their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Royal Bank of Canada raised their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.70.

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.