TD Private Client Wealth LLC Has $674,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

TD Private Client Wealth LLC raised its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3,087.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,717 shares of the company’s stock after buying an additional 4,569 shares during the period. TD Private Client Wealth LLC’s holdings in Datadog were worth $674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew 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 buying an additional 81 shares in the last quarter. True Wealth Design LLC raised its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Quarry LP purchased a new stake in Datadog in the 3rd quarter worth about $33,000. Finally, Kieckhefer Group LLC acquired a new stake in Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DDOG. Cantor Fitzgerald started coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Barclays lowered their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Rosenblatt Securities lifted their price objective on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock worth $79,144,334 over the last three months. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Up 1.8 %

NASDAQ:DDOG opened at $105.03 on Monday. The firm has a market capitalization of $36.00 billion, a PE ratio of 205.95, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08. The firm has a 50-day moving average price of $126.97 and a 200 day moving average price of $131.01.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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%. On average, research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

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.