Sequoia Financial Advisors LLC Invests $233,000 in Datadog, Inc. (NASDAQ:DDOG)

Sequoia Financial Advisors LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, Holdings Channel reports. The fund acquired 1,918 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds have also modified their holdings of DDOG. PNC Financial Services Group Inc. raised its holdings in shares of Datadog by 25.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock worth $412,000 after acquiring an additional 558 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Datadog during the 1st quarter worth approximately $2,494,000. Yousif Capital Management LLC increased its position in shares of Datadog by 9.3% during the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock valued at $550,000 after purchasing an additional 310 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Datadog by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock valued at $21,137,000 after purchasing an additional 14,658 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Datadog by 20.0% during the 1st quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock valued at $1,567,000 after purchasing an additional 1,725 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted 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. Needham & Company LLC boosted their target price on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Robert W. Baird boosted their target price on Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Mizuho boosted their target price on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $130.52.

Datadog Stock Performance

Shares of Datadog stock opened at $120.09 on Friday. The company has a market capitalization of $39.85 billion, a PE ratio of 1,000.75 and a beta of 1.15. The company has a 50-day simple moving average of $125.89 and a two-hundred day simple moving average of $115.75. Datadog, Inc. has a one year low of $62.60 and a one year high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

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

Insider Activity

In other news, CRO Sean Michael Walters sold 20,692 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the sale, the executive now directly owns 182,593 shares in the company, valued at approximately $23,477,807.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Sean Michael Walters sold 20,692 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,660,577.36. Following the sale, the executive now directly owns 182,593 shares in the company, valued at approximately $23,477,807.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 745,984 shares of company stock worth $95,917,681. Corporate insiders own 14.97% of the company’s stock.

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.