Advisor OS LLC Makes New $621,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Advisor OS LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, Holdings Channel.com reports. The fund acquired 4,344 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors have also modified their holdings of DDOG. Blue Trust Inc. grew its position in Datadog by 80.3% in the 3rd quarter. Blue Trust Inc. now owns 539 shares of the company’s stock valued at $62,000 after acquiring an additional 240 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Datadog during the 3rd quarter worth approximately $4,038,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Datadog by 8.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,746 shares of the company’s stock worth $1,352,000 after buying an additional 886 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Datadog during the 3rd quarter worth approximately $278,000. Finally, abrdn plc grew its stake in shares of Datadog by 103.9% in the third quarter. abrdn plc now owns 61,384 shares of the company’s stock worth $7,063,000 after acquiring an additional 31,276 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $113.37 on Thursday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company’s fifty day moving average is $139.84 and its two-hundred day moving average is $131.84. The stock has a market capitalization of $38.51 billion, a P/E ratio of 222.30, a P/E/G ratio of 44.03 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DDOG shares. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. Scotiabank reduced their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Finally, DA Davidson boosted their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Company 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.