Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,118 shares of the company’s stock after acquiring an additional 115 shares during the quarter. Corient Private Wealth LLC’s holdings in Datadog were worth $1,874,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares during the last quarter. Spire Wealth Management grew its position in shares of Datadog by 21.4% during the 4th 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 raised its stake in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Pathstone Holdings LLC raised its stake in Datadog by 0.4% during 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 during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Datadog by 5.2% in 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 and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DDOG shares. Macquarie restated an “outperform” rating and set a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. Truist Financial cut their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Finally, Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Up 4.9 %

NASDAQ DDOG opened at $110.17 on Tuesday. The stock has a market capitalization of $37.76 billion, a PE ratio of 216.02, a price-to-earnings-growth 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 company has a 50 day moving average price of $126.41 and a two-hundred day moving average price of $131.01.

Datadog (NASDAQ:DDOG) last released 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%. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the transaction, the chief executive officer now owns 435,793 shares of the company’s stock, valued at approximately $47,745,481.08. This represents a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated 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 transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock valued at $79,144,334 over the last quarter. 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.