Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Datadog, Inc. (NASDAQ:DDOG) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,603 shares of the company’s stock after buying an additional 12,086 shares during the quarter. Cetera Investment Advisers’ holdings in Datadog were worth $8,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC boosted 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 worth $32,000 after acquiring an additional 81 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Datadog during the 4th quarter worth about $43,000. Finally, Summit Securities Group LLC acquired a new position in shares of Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the completion of the transaction, the chief executive officer now directly owns 563,598 shares of the company’s stock, valued at $49,219,013.34. The trade was a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 559,867 shares of company stock valued at $57,550,902. Corporate insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial lowered their price objective on Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a research report on Monday, March 31st. UBS Group upped their price objective on Datadog from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Canaccord Genuity Group reduced their target price on Datadog from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $119.00 target price on shares of Datadog in a report on Wednesday, May 7th. Finally, Needham & Company LLC reduced their target price on Datadog from $160.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $141.54.

Datadog Stock Down 1.2%

DDOG opened at $107.88 on Monday. The company has a market cap of $36.98 billion, a PE ratio of 211.53, a P/E/G ratio of 44.03 and a beta of 1.12. The business has a 50 day moving average price of $100.20 and a two-hundred day moving average price of $125.85. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.