Whipplewood Advisors LLC Purchases New Position in Datadog, Inc. (NASDAQ:DDOG)

Whipplewood Advisors LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,881 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Advisor OS LLC purchased a new position in shares of Datadog in the 4th quarter valued at about $621,000. Kirtland Hills Capital Management LLC increased its stake in shares of Datadog by 36.0% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 4,580 shares of the company’s stock valued at $654,000 after purchasing an additional 1,212 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Datadog by 62.7% in the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after purchasing an additional 49,050 shares in the last quarter. FFT Wealth Management LLC purchased a new position in shares of Datadog in the 4th quarter valued at about $424,000. Finally, Amalgamated Bank increased its stake in shares of Datadog by 1.5% in the 4th quarter. Amalgamated Bank now owns 20,223 shares of the company’s stock valued at $2,890,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DDOG shares. Stifel Nicolaus cut 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 report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. DA Davidson lifted their price objective on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a report on Friday, February 14th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Datadog Stock Up 0.1 %

Shares of NASDAQ DDOG opened at $113.53 on Friday. The firm has a market cap of $38.57 billion, a price-to-earnings ratio of 222.61, a PEG ratio of 44.03 and a beta of 1.15. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The business’s 50 day moving average is $139.17 and its two-hundred day moving average is $131.71.

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

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 556,674 shares of company stock valued at $82,904,025. 11.78% of the stock is currently owned by company insiders.

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.