2,689 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Principal Securities Inc.

Principal Securities Inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,689 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in Datadog during the 4th quarter worth about $25,000. Private Trust Co. NA lifted its position in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Datadog during the third quarter valued at approximately $36,000. GAMMA Investing LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $45,000. Finally, Headinvest LLC bought a new position in Datadog in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the sale, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $35,851,883.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Datadog news, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the sale, the president now directly owns 294,012 shares of the company’s stock, valued at $37,804,062.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the completion of the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 585,297 shares of company stock valued at $74,007,243. Corporate insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Stifel Nicolaus reissued a “buy” rating and issued a $152.00 target price on shares of Datadog in a research note on Monday, April 22nd. Baird R W raised Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Barclays cut their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Finally, Wolfe Research increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.58.

Datadog Stock Up 1.8 %

NASDAQ:DDOG opened at $120.61 on Friday. The company has a market cap of $40.03 billion, a PE ratio of 376.91, a PEG ratio of 46.08 and a beta of 1.14. The stock has a 50-day simple moving average of $123.21 and a 200 day simple moving average of $120.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period last year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts expect that Datadog, Inc. will post 0.27 EPS for the current fiscal year.

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.