Datadog, Inc. (NASDAQ:DDOG) Shares Sold by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,233 shares of the company’s stock after selling 314 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Datadog were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after acquiring an additional 75 shares during the period. Spire Wealth Management boosted its holdings in shares of Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after acquiring an additional 80 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after acquiring an additional 91 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Datadog by 16.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock valued at $95,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Up 0.3 %

Shares of NASDAQ DDOG opened at $101.96 on Wednesday. The business has a fifty day simple moving average of $133.38 and a 200 day simple moving average of $131.66. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a market capitalization of $34.95 billion, a price-to-earnings ratio of 199.93, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) 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%. On average, research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DDOG shares. Citigroup reduced their price target on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Truist Financial reduced their price objective on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Barclays reduced their price objective on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 25,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the sale, the director now owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 517,995 shares of company stock worth $69,482,484 over the last three months. 11.78% of the stock is currently owned by corporate insiders.

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.