Venturi Wealth Management LLC Has $202,000 Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Venturi Wealth Management LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,415 shares of the company’s stock after buying an additional 638 shares during the quarter. Venturi Wealth Management LLC’s holdings in Datadog were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC raised its stake in 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 last quarter. Retirement Wealth Solutions LLC acquired a new position in Datadog during the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its stake in 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 last quarter. Meeder Asset Management Inc. raised its stake in 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 last quarter. Finally, Quarry LP acquired a new position in Datadog during the 3rd quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 5.2 %

Shares of NASDAQ:DDOG opened at $119.67 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The company’s 50-day moving average price is $142.18 and its two-hundred day moving average price is $131.57. The firm has a market cap of $40.66 billion, a P/E ratio of 234.66, a P/E/G ratio of 44.94 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 in the last 90 days. 11.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of Datadog in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog 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.