Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 450.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,626 shares of the company’s stock after purchasing an additional 34,887 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Datadog were worth $6,091,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC lifted its position in shares of 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 purchasing an additional 81 shares in the last quarter. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several analyst reports. Royal Bank of Canada raised their target price on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Rosenblatt Securities raised their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Macquarie reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Finally, TD Cowen reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.39.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $128.85 on Thursday. The stock has a fifty day moving average price of $143.45 and a 200 day moving average price of $131.51. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market cap of $43.77 billion, a PE ratio of 252.65, a P/E/G ratio of 15.23 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 return on equity of 8.28% and a net margin of 6.85%. Analysts anticipate that Datadog, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is owned by company insiders.

About Datadog

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.