2,197 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,197 shares of the company's stock, valued at approximately $314,000.

A number of other large investors also recently modified their holdings of DDOG. Proficio Capital Partners LLC bought 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 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company's stock valued at $18,188,000 after purchasing an additional 49,050 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company's stock valued at $7,590,000 after purchasing an additional 30,998 shares during the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock valued at $1,558,234,000 after purchasing 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 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company's stock valued at $10,358,000 after purchasing an additional 2,451 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 47,306 shares of Datadog stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $107.40, for a total value of $5,080,664.40. Following the transaction, the director now owns 25,468 shares of the company's stock, valued at $2,735,263.20. This trade represents a 65.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the completion of the transaction, the director now directly owns 76,052 shares in the company, valued at approximately $8,899,605.04. This represents a 24.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 609,867 shares of company stock worth $63,443,152 over the last ninety days. 11.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. DA Davidson raised their target price on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Barclays raised their target price on shares of Datadog from $125.00 to $128.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald reissued an "overweight" rating and set a $134.00 target price on shares of Datadog in a research note on Wednesday, May 7th. Finally, Macquarie lowered their target price on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.04.

Datadog Stock Performance

Shares of DDOG stock traded down $0.07 during trading on Friday, hitting $116.93. 7,309,763 shares of the company were exchanged, compared to its average volume of 4,410,246. The firm has a market capitalization of $40.38 billion, a price-to-earnings ratio of 229.28, a P/E/G ratio of 44.03 and a beta of 1.12. The business's 50-day simple moving average is $103.42 and its 200 day simple moving average is $124.85. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

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

About Datadog

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.