HighTower Advisors LLC Has $6.31 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

HighTower Advisors LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,156 shares of the company’s stock after purchasing an additional 4,481 shares during the period. HighTower Advisors LLC’s holdings in Datadog were worth $6,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog in the fourth quarter worth approximately $30,000. Avior Wealth Management LLC increased its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Datadog in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 1.0 %

Shares of DDOG opened at $102.93 on Wednesday. The company has a 50-day moving average price of $129.20 and a two-hundred day moving average price of $131.18. The stock has a market cap of $35.28 billion, a price-to-earnings ratio of 201.83, a P/E/G 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.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities research analysts expect 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 firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company’s stock, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 626,412 shares of company stock valued at $79,144,334. 11.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several analyst reports. Citigroup lowered their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Mizuho lifted their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.