Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 450.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,626 shares of the company’s stock after buying an additional 34,887 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Datadog were worth $6,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DDOG. Creative Planning raised its stake in shares of Datadog by 17.6% during the 3rd quarter. Creative Planning now owns 17,141 shares of the company’s stock worth $1,972,000 after buying an additional 2,563 shares during the last quarter. Bleakley Financial Group LLC increased its position in Datadog by 10.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,427 shares of the company’s stock worth $394,000 after purchasing an additional 311 shares in the last quarter. Blue Trust Inc. increased its position in Datadog by 80.3% during the 3rd quarter. Blue Trust Inc. now owns 539 shares of the company’s stock worth $62,000 after purchasing an additional 240 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Datadog by 80.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 426 shares of the company’s stock worth $49,000 after purchasing an additional 190 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in Datadog by 14.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 5,411 shares of the company’s stock worth $623,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This represents a 1.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the completion of the transaction, the director now directly owns 195,667 shares in the company, valued at approximately $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,674 shares of company stock valued at $82,904,025 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Truist Financial dropped their price objective on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Finally, Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog Stock Performance

Datadog stock opened at $128.85 on Thursday. The stock’s 50 day moving average price is $143.45 and its 200 day moving average price is $131.51. The firm has a market capitalization of $43.77 billion, a PE ratio of 252.65, a price-to-earnings-growth ratio of 15.23 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 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, analysts forecast that Datadog, Inc. will post 0.58 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.