Zevin Asset Management LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 68,218 shares of the company's stock, valued at approximately $9,748,000.
Other large investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during the 4th 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 period. True Wealth Design LLC raised 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 valued at $28,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. raised its stake in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog during the 3rd quarter valued at $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.
Datadog Stock Down 1.0 %
DDOG stock traded down $1.04 during midday trading on Tuesday, reaching $102.93. The company's stock had a trading volume of 2,994,661 shares, compared to its average volume of 4,066,406. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08. The stock has a market cap of $35.28 billion, a PE ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The business's 50-day simple moving average is $129.20 and its 200-day simple moving average is $131.18.
Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly 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%. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.
Insider Activity at Datadog
In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 645,638 shares of company stock valued at $82,099,946. 11.78% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DDOG. DA Davidson boosted their target price on shares of Datadog from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Barclays lowered their target price on shares of Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a research report on Friday, February 14th. Citigroup lowered their target price 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. JMP Securities restated a "market perform" rating on shares of Datadog in a report on Friday, February 14th. Finally, Guggenheim restated a "neutral" rating on shares of Datadog in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.70.
Check Out Our Latest Research Report on Datadog
About Datadog
(
Free Report)
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.
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