Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 55.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 226 shares of the company’s stock after purchasing an additional 81 shares during the quarter. Avior Wealth Management LLC’s holdings in Datadog were worth $32,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC raised its position 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 worth $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Datadog in the fourth quarter valued at about $30,000. Meeder Asset Management Inc. grew its stake in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Quarry LP purchased a new stake in shares of Datadog during the third quarter worth about $33,000. Finally, American National Bank & Trust purchased a new stake in shares of Datadog during the third quarter worth about $39,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $145.72 on Thursday. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 274.95, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business has a 50 day moving average price of $148.05 and a two-hundred day moving average price of $129.18.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 150,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the sale, the president now owns 214,275 shares in the company, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 653,874 shares of company stock worth $93,721,154 over the last ninety days. Company insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of analyst reports. Barclays lifted their target price on Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Macquarie initiated coverage on Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price objective for the company. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Rosenblatt Securities boosted their price objective on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, DA Davidson boosted their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.59.

Datadog 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.