Sequoia Financial Advisors LLC Grows Position in Datadog, Inc. (NASDAQ:DDOG)

Sequoia Financial Advisors LLC lifted its stake in Datadog, Inc. (NASDAQ:DDOG) by 38.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,936 shares of the company’s stock after purchasing an additional 822 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $420,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Meeder Asset Management Inc. grew its position in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog during the third quarter worth $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DDOG shares. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and dropped their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Citigroup lowered their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Barclays dropped their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. TD Cowen reissued a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald started coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 626,412 shares of company stock valued at $79,144,334. Insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.0 %

NASDAQ DDOG opened at $102.93 on Wednesday. The business’s 50 day moving average is $129.20 and its two-hundred day moving average is $131.18. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 201.83, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog 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.