Sequoia Financial Advisors LLC Has $264,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Sequoia Financial Advisors LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,134 shares of the company’s stock after purchasing an additional 216 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter worth about $25,000. Riverview Trust Co acquired a new position in shares of Datadog in the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new position in shares of Datadog during the fourth quarter worth approximately $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Datadog in the 4th quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Bank of America upgraded shares of Datadog from a “neutral” rating to a “buy” rating and increased their target price for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. Loop Capital reiterated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research note on Wednesday, June 26th. Finally, Monness Crespi & Hardt reaffirmed a “sell” rating and issued a $98.00 price objective (down from $290.00) on shares of Datadog in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.89.

Check Out Our Latest Analysis on DDOG

Insider Buying and Selling

In other Datadog news, President Amit Agarwal sold 11,387 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the completion of the sale, the president now owns 282,694 shares of the company’s stock, valued at approximately $30,940,858.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, President Amit Agarwal sold 11,387 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the sale, the president now owns 282,694 shares of the company’s stock, valued at $30,940,858.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the transaction, the chief technology officer now directly owns 279,025 shares of the company’s stock, valued at $36,482,518.75. The disclosure for this sale can be found here. Insiders have sold a total of 705,537 shares of company stock valued at $83,831,802 over the last ninety days. 11.78% of the stock is owned by company insiders.

Datadog Price Performance

DDOG stock opened at $126.63 on Wednesday. The company has a market capitalization of $42.36 billion, a P/E ratio of 395.72, a PEG ratio of 44.31 and a beta of 1.11. The company has a fifty day moving average price of $120.45 and a 200-day moving average price of $123.66. 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:DDOGGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, equities analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Datadog Company Profile

(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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