Corient Private Wealth LLC Buys 484 Shares of Datadog, Inc. (NASDAQ:DDOG)

Corient Private Wealth LLC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,266 shares of the company’s stock after buying an additional 484 shares during the quarter. Corient Private Wealth LLC’s holdings in Datadog were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management raised its stake in Datadog by 2,148.5% during the 4th quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock worth $694,000 after buying an additional 5,092 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Datadog during the 3rd quarter worth $189,668,000. Quintet Private Bank Europe S.A. acquired a new stake in Datadog during the 3rd quarter worth $270,000. Mengis Capital Management Inc. acquired a new stake in Datadog during the 3rd quarter worth $409,000. Finally, Zevenbergen Capital Investments LLC raised its stake in Datadog by 5.6% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock worth $20,077,000 after buying an additional 8,830 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other news, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now directly owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CRO Sean Michael Walters sold 5,650 shares of Datadog stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $120.86, for a total value of $682,859.00. Following the completion of the sale, the executive now directly owns 176,943 shares in the company, valued at $21,385,330.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The disclosure for this sale can be found here. Insiders sold a total of 489,134 shares of company stock worth $60,334,399 over the last quarter. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DDOG shares. Barclays dropped their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Wolfe Research lifted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their price target on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Truist Financial lifted their price target on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Bank of America raised Datadog from a “neutral” rating to a “buy” rating and lifted their price target for the company from $143.00 to $155.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.50.

View Our Latest Stock Report on DDOG

Datadog Trading Down 6.2 %

Shares of NASDAQ:DDOG opened at $110.18 on Monday. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The stock has a market cap of $36.86 billion, a PE ratio of 344.31, a P/E/G ratio of 42.93 and a beta of 1.14. The business has a 50 day moving average of $122.87 and a 200-day moving average of $122.85. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. As a group, equities research analysts forecast that Datadog, Inc. will post 0.27 earnings per share for the current year.

About Datadog

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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