Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,746 shares of the company’s stock after acquiring an additional 886 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Datadog were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DDOG. First Trust Direct Indexing L.P. increased its position in shares of Datadog by 17.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 2,093 shares of the company’s stock valued at $259,000 after purchasing an additional 310 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Datadog by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,134 shares of the company’s stock valued at $264,000 after purchasing an additional 216 shares during the period. Nordea Investment Management AB lifted its stake in shares of Datadog by 7.4% in the 1st quarter. Nordea Investment Management AB now owns 35,971 shares of the company’s stock valued at $4,472,000 after purchasing an additional 2,464 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Datadog by 11.5% during the first quarter. Daiwa Securities Group Inc. now owns 34,233 shares of the company’s stock worth $4,231,000 after purchasing an additional 3,544 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Datadog during the first quarter worth $653,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction on Friday, October 11th. The stock was sold at an average price of $130.39, for a total value of $4,346,289.87. Following the completion of the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $40,963,061.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction on Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $111.66, for a total value of $14,192,544.30. Following the completion of the transaction, the chief technology officer now directly owns 347,684 shares of the company’s stock, valued at approximately $38,822,395.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,291 shares of company stock worth $54,154,859 in the last 90 days. 11.78% of the stock is owned by company insiders.

Datadog Trading Up 1.9 %

Shares of Datadog stock opened at $125.56 on Tuesday. The stock has a 50-day moving average price of $118.73 and a 200 day moving average price of $119.39. The company has a market cap of $42.33 billion, a P/E ratio of 279.03, a P/E/G ratio of 22.90 and a beta of 1.10. Datadog, Inc. has a 1 year low of $79.07 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Datadog from $132.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Monness Crespi & Hardt upgraded shares of Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th. Evercore ISI began coverage on shares of Datadog in a research note on Monday, July 15th. They set an “outperform” rating and a $150.00 target price on the stock. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. Finally, Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $142.54.

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.