Planned Solutions Inc. Acquires Shares of 750 Datadog, Inc. (NASDAQ:DDOG)

Planned Solutions Inc. bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 750 shares of the company’s stock, valued at approximately $91,000.

A number of other institutional investors also recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in shares of Datadog during the fourth quarter worth about $25,000. BluePath Capital Management LLC acquired a new stake in Datadog in the third quarter valued at $31,000. AM Squared Ltd acquired a new position in Datadog during the 3rd quarter worth about $36,000. KB Financial Partners LLC bought a new stake in shares of Datadog in the 1st quarter valued at about $37,000. Finally, Headinvest LLC bought a new position in shares of Datadog during the third quarter worth about $46,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In related news, COO Adam Blitzer sold 20,892 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO David M. Obstler sold 3,732 shares of Datadog stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $125.36, for a total transaction of $467,843.52. Following the completion of the sale, the chief financial officer now owns 275,191 shares in the company, valued at approximately $34,497,943.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Adam Blitzer sold 20,892 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now owns 203,503 shares in the company, valued at $26,166,415.74. The disclosure for this sale can be found here. Insiders have sold a total of 816,027 shares of company stock worth $102,761,314 over the last ninety days. Company insiders own 14.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DDOG shares. Royal Bank of Canada raised their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Truist Financial upped their price objective on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird raised their price target on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Scotiabank started coverage on Datadog in a research note on Tuesday, December 5th. They issued a “sector outperform” rating and a $138.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Datadog Stock Up 0.0 %

Datadog stock opened at $123.51 on Thursday. The firm has a 50 day simple moving average of $127.31 and a 200 day simple moving average of $112.03. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 1,029.25 and a beta of 1.17.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.

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.