Datadog, Inc. (NASDAQ:DDOG) Shares Bought by WR Wealth Planners LLC

WR Wealth Planners LLC lifted its stake in Datadog, Inc. (NASDAQ:DDOG) by 31.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433 shares of the company’s stock after purchasing an additional 104 shares during the period. WR Wealth Planners LLC’s holdings in Datadog were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Datadog in the 4th quarter valued at approximately $1,915,000. GAMMA Investing LLC purchased a new stake in Datadog in the 4th quarter valued at about $45,000. Yousif Capital Management LLC increased its stake in shares of Datadog by 3.2% during the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after acquiring an additional 100 shares during the last quarter. Truist Financial Corp boosted its position in shares of Datadog by 9.1% in the fourth quarter. Truist Financial Corp now owns 20,363 shares of the company’s stock worth $2,472,000 after acquiring an additional 1,691 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Datadog in the fourth quarter valued at approximately $240,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares in the company, valued at $42,517,854.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the sale, the chief executive officer now owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $109.44, for a total value of $191,410.56. Following the transaction, the insider now directly owns 93,774 shares of the company’s stock, valued at approximately $10,262,626.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 857,006 shares of company stock valued at $101,040,823. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DDOG. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 price target on shares of Datadog in a research note on Monday, July 22nd. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the company from $130.00 to $140.00 in a report on Wednesday, May 8th. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and upped their target price for the company from $135.00 to $155.00 in a research note on Tuesday, July 16th. Finally, JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.88.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $1.08 during midday trading on Friday, hitting $116.26. 2,436,585 shares of the company’s stock were exchanged, compared to its average volume of 3,517,485. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The firm has a market cap of $39.20 billion, a P/E ratio of 363.31, a PEG ratio of 29.66 and a beta of 1.11. The stock’s 50 day moving average price is $119.73 and its 200-day moving average price is $121.58.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, analysts expect that Datadog, Inc. will post 0.41 EPS for the current fiscal year.

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.