Artemis Wealth Advisors LLC Purchases New Holdings in Datadog, Inc. (NASDAQ:DDOG)

Artemis Wealth Advisors LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,000 shares of the company’s stock, valued at approximately $1,286,000. Datadog makes up approximately 0.2% of Artemis Wealth Advisors LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. True Wealth Design LLC lifted 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 in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. Meeder Asset Management Inc. lifted its stake 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 buying an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new position in Datadog in the 3rd quarter valued at about $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDOG. Jefferies Financial Group raised their price target on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Cantor Fitzgerald assumed coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and decreased their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Performance

Datadog stock opened at $117.51 on Tuesday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a 50 day moving average price of $141.41 and a 200 day moving average price of $131.95. The company has a market capitalization of $39.92 billion, a PE ratio of 230.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted 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 net margin of 6.85% and a return on equity of 8.28%. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction on 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 transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock worth $82,904,025 over the last 90 days. Corporate insiders own 11.78% of the company’s stock.

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.