Private Advisor Group LLC Sells 2,983 Shares of Datadog, Inc. (NASDAQ:DDOG)

Private Advisor Group LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,422 shares of the company’s stock after selling 2,983 shares during the quarter. Private Advisor Group LLC’s holdings in Datadog were worth $3,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the period. True Wealth Design LLC grew its stake in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP bought a new position in Datadog in the 3rd quarter valued at about $33,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

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

Datadog Price Performance

Datadog stock opened at $119.67 on Monday. The business’s fifty day moving average is $142.18 and its 200 day moving average is $131.92. The stock has a market capitalization of $40.66 billion, a PE ratio of 234.66, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (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, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research note on Friday, February 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. TD Cowen reissued a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Macquarie reiterated an “outperform” rating and issued a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Finally, Loop Capital lifted their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.70.

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.