Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 76.9% during the 4th quarter, Holdings Channel reports. The firm owned 11,270 shares of the company’s stock after purchasing an additional 4,900 shares during the period. Avantax Advisory Services Inc.’s holdings in Datadog were worth $1,610,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of 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. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC increased its position in shares of 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. Meeder Asset Management Inc. increased its position in shares of 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 position in shares of Datadog during the 3rd quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

NASDAQ DDOG opened at $102.93 on Wednesday. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08. The stock’s 50-day moving average is $129.20 and its two-hundred day moving average is $131.18. The firm has a market cap of $35.28 billion, a P/E ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share 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, equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of recent research reports. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and decreased their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. DA Davidson lifted their target price on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Truist Financial decreased their target price on Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Macquarie restated an “outperform” rating and issued a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Finally, Royal Bank of Canada lifted 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 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling at Datadog

In other news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock worth $79,144,334 over the last three months. Corporate insiders own 11.78% of the company’s stock.

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.