1,979 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Nwam LLC

Nwam LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,979 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares in the last quarter. Spire Wealth Management raised its position in shares of Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of 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 buying an additional 91 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its position in Datadog by 2.0% during the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after acquiring an additional 96 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at $27,289,676.49. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 556,674 shares of company stock worth $82,904,025. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Mizuho lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Performance

Shares of DDOG opened at $116.57 on Friday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock has a market capitalization of $39.60 billion, a PE ratio of 228.57, a PEG ratio of 44.03 and a beta of 1.15. The stock has a 50-day simple moving average of $138.51 and a 200-day simple moving average of $131.86.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.