43,700 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. purchased a new position 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 43,700 shares of the company's stock, valued at approximately $6,244,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC lifted its position in 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 acquiring an additional 81 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Datadog in the fourth quarter valued at $43,000. Summit Securities Group LLC purchased a new position in shares of Datadog during the fourth quarter worth about $43,000. Finally, Friedenthal Financial acquired a new position in Datadog during the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

DDOG traded up $5.02 during trading on Thursday, hitting $99.60. The company had a trading volume of 4,936,207 shares, compared to its average volume of 4,357,194. The business has a 50-day moving average of $103.95 and a 200-day moving average of $127.63. The company has a market cap of $34.14 billion, a PE ratio of 195.30, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

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

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 10,167 shares of Datadog stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the sale, the director now directly owns 82,324 shares in the company, valued at $9,538,058.64. This trade represents a 10.99 % decrease in their position. The sale 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 company'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 completion of the sale, the chief technology officer now directly owns 324,778 shares of the company's stock, valued at $46,371,802.84. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 523,756 shares of company stock valued at $58,732,500 over the last 90 days. 11.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus downgraded shares of Datadog from a "buy" rating to a "hold" rating and reduced their price target for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their price target on Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Wells Fargo & Company cut shares of Datadog from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $152.00 to $140.00 in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald assumed coverage on shares of Datadog in a research note on Friday, January 17th. They set an "overweight" rating and a $180.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $150.33.

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.