Congress Wealth Management LLC DE Buys Shares of 2,207 Datadog, Inc. (NASDAQ:DDOG)

Congress Wealth Management LLC DE purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,207 shares of the company’s stock, valued at approximately $315,000.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Barclays lowered their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their price objective for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Datadog Trading Down 3.6 %

Shares of Datadog stock opened at $101.10 on Friday. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The company has a market cap of $34.65 billion, a P/E ratio of 198.24, a P/E/G ratio of 44.03 and a beta of 1.22. The stock has a 50-day moving average price of $123.79 and a 200 day moving average price of $130.80.

Datadog (NASDAQ:DDOG) last posted its quarterly 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares in the company, valued at approximately $27,612,527.04. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the sale, the director now directly owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 in the last quarter. Company insiders own 11.78% of the company’s stock.

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.