Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,603 shares of the company's stock after acquiring an additional 12,086 shares during the period. Cetera Investment Advisers' holdings in Datadog were worth $8,802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DDOG. Proficio Capital Partners LLC purchased a new stake in Datadog in the 4th quarter valued at about $14,884,000. ARK Investment Management LLC lifted its position in Datadog by 62.7% in the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock valued at $18,188,000 after buying an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Datadog by 140.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock valued at $7,590,000 after buying an additional 30,998 shares during the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 15.8% in the fourth quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after buying an additional 1,484,562 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in Datadog by 3.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock valued at $10,358,000 after buying an additional 2,451 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DDOG. Citigroup decreased 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. Rosenblatt Securities decreased their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. DA Davidson upped their target price on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wedbush decreased their target price on shares of Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $141.54.

Insider Buying and Selling at Datadog

In other Datadog news, Director Amit Agarwal sold 10,167 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the transaction, the director now directly owns 82,324 shares in the company, valued at $9,538,058.64. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the transaction, the chief executive officer now owns 563,598 shares in the company, valued at $49,219,013.34. This represents a 16.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 584,867 shares of company stock worth $60,517,652 over the last three months. Insiders own 11.78% of the company's stock.

Datadog Price Performance

Shares of DDOG stock traded up $0.53 during trading hours on Friday, reaching $117.67. 3,138,469 shares of the stock were exchanged, compared to its average volume of 4,368,467. The business's fifty day moving average is $101.10 and its two-hundred day moving average is $125.50. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a market capitalization of $40.33 billion, a P/E ratio of 230.73, a P/E/G ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm's revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.