Total Wealth Planning & Management Inc. Invests $314,000 in Datadog, Inc. (NASDAQ:DDOG)

Total Wealth Planning & Management Inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,197 shares of the company's stock, valued at approximately $314,000.

A number of other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% in 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. Putney Financial Group LLC bought a new position in Datadog during the fourth quarter worth about $32,000. Elequin Capital LP bought a new position in Datadog during the fourth quarter worth about $34,000. Coppell Advisory Solutions LLC lifted its holdings in Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in Datadog during the fourth quarter worth about $43,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

Shares of DDOG traded up $0.70 during mid-day trading on Thursday, reaching $117.00. 3,555,668 shares of the company were exchanged, compared to its average volume of 4,398,584. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a market capitalization of $40.41 billion, a PE ratio of 229.42, a PEG ratio of 44.03 and a beta of 1.12. The business has a 50 day simple moving average of $103.16 and a two-hundred day simple moving average of $124.93.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period last year, the company earned $0.44 earnings per share. The firm's revenue was up 24.6% compared to the same quarter last year. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $118.67, for a total transaction of $2,966,750.00. Following the completion of the sale, the director now owns 82,324 shares of the company's stock, valued at $9,769,389.08. This trade represents a 23.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares of the company's stock, valued at $49,219,013.34. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 584,867 shares of company stock valued at $60,517,652 over the last 90 days. Company insiders own 11.78% of the company's stock.

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Macquarie lowered their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Needham & Company LLC lowered their price target on Datadog from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. BTIG Research set a $136.00 price target on Datadog and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Rosenblatt Securities lowered their price target on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.54.

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.