Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 96.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,503 shares of the company’s stock after purchasing an additional 2,701 shares during the quarter. Great Lakes Advisors LLC’s holdings in Datadog were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% in the 4th 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 period. Meeder Asset Management Inc. grew its holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in Datadog in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 653,554 shares of company stock valued at $83,328,905. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Up 3.2 %

DDOG stock opened at $101.80 on Friday. The firm has a market cap of $34.89 billion, a P/E ratio of 199.61, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The stock’s 50 day simple moving average is $130.81 and its 200 day simple moving average is $131.22.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results 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 fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and lowered their price target for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. Citigroup decreased their target price on 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 boosted their target price on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Company 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.