U.S. Capital Wealth Advisors LLC Has $1.74 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

U.S. Capital Wealth Advisors LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 533.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,396 shares of the company’s stock after buying an additional 11,281 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Datadog were worth $1,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First National Trust Co lifted its holdings in Datadog by 3.3% in the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after purchasing an additional 79 shares during the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Datadog by 1.8% in the first quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock worth $604,000 after buying an additional 88 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Datadog by 1.0% during the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after buying an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after buying an additional 97 shares during the last quarter. Finally, AM Squared Ltd grew its stake in Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the sale, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $118.52, for a total transaction of $15,064,484.60. Following the completion of the sale, the chief technology officer now directly owns 290,412 shares of the company’s stock, valued at approximately $34,419,630.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the transaction, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 857,306 shares of company stock valued at $101,950,263. Insiders own 11.78% of the company’s stock.

Datadog Price Performance

Datadog stock traded down $1.78 on Friday, reaching $112.28. The company’s stock had a trading volume of 4,515,414 shares, compared to its average volume of 4,125,572. The business’s fifty day moving average price is $119.38 and its 200 day moving average price is $123.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 350.88, a PEG ratio of 37.24 and a beta of 1.11. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The business had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Equities analysts expect that Datadog, Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DDOG shares. JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Barclays dropped their price target on Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. Finally, Loop Capital reiterated a “buy” rating and set a $160.00 target price on shares of Datadog in a research note on Friday, July 5th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.93.

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.