Virtu Financial LLC Makes New $645,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Virtu Financial 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 & Exchange Commission. The firm acquired 4,518 shares of the company's stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after acquiring an additional 75 shares in the last quarter. Spire Wealth Management grew its stake in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC raised its stake 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 buying an additional 81 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after acquiring an additional 92 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 3.6 %

Shares of NASDAQ DDOG traded down $3.75 during midday trading on Friday, hitting $101.10. The stock had a trading volume of 3,793,178 shares, compared to its average volume of 4,190,007. The company has a fifty day moving average price of $124.54 and a 200 day moving average price of $130.69. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 198.24, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08.

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

Analyst Ratings Changes

DDOG has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Guggenheim reissued a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. Jefferies Financial Group boosted their price target on Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a report on Monday, January 6th. Citigroup reduced their price target on Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Insider Buying and Selling at Datadog

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at approximately $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. Insiders sold a total of 601,412 shares of company stock worth $75,444,584 over the last ninety days. Company insiders own 11.78% of the company's stock.

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.