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

HighTower Advisors LLC lifted its stake in 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 (SEC). The institutional investor 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 quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Clare Market Investments LLC bought a new position in shares of Datadog in the 4th quarter worth $691,000. Independent Advisor Alliance boosted its stake in Datadog by 11.4% during the 4th quarter. Independent Advisor Alliance now owns 7,608 shares of the company’s stock worth $1,087,000 after acquiring an additional 779 shares during the last quarter. EPIQ Capital Group LLC raised its stake in Datadog by 0.9% during the 4th quarter. EPIQ Capital Group LLC now owns 16,898 shares of the company’s stock worth $2,415,000 after buying an additional 153 shares during the period. Argentarii LLC bought a new stake in shares of Datadog in the fourth quarter worth about $234,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Datadog during the fourth quarter worth about $16,497,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, President Amit Agarwal sold 25,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 626,412 shares of company stock worth $79,144,334 over the last 90 days. Insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.0 %

Shares of DDOG stock opened at $102.93 on Wednesday. The stock has a market cap of $35.28 billion, a P/E ratio of 201.83, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1 year low of $98.30 and a 1 year high of $170.08. The stock has a 50 day simple moving average of $129.20 and a 200 day simple moving average of $131.18.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DDOG shares. Mizuho boosted their price objective on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial reduced their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price objective on the stock. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.