4,166 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired 4,166 shares of Datadog, Inc. (NASDAQ:DDOG) valued at approximately $413,000 during the 1st quarter, indicating growing institutional interest in the company.
• Datadog's CEO Olivier Pomel sold 32,924 shares at an average price of $146.05, reducing his ownership by 5.66%, while insiders overall sold a total of 957,666 shares valued at $117.58 million recently.
• Analysts have mixed opinions on Datadog, with one rating of sell, five holds, and twenty-four buy ratings, and a consensus target price of $146.79.

Caliber Wealth Management LLC KS purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,166 shares of the company's stock, valued at approximately $413,000.

A number of other large investors also recently bought and sold shares of DDOG. Wealth Enhancement Advisory Services LLC increased its stake in Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after buying an additional 3,760 shares during the period. LBP AM SA increased its stake in Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after buying an additional 120,343 shares during the period. Envestnet Asset Management Inc. increased its stake in Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after buying an additional 156,152 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in Datadog during the 4th quarter worth $314,000. Finally, Soros Fund Management LLC increased its stake in Datadog by 14.3% during the 4th quarter. Soros Fund Management LLC now owns 192,190 shares of the company's stock worth $27,462,000 after buying an additional 24,100 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Datadog stock traded up $0.93 during midday trading on Monday, reaching $150.77. 2,647,060 shares of the stock traded hands, compared to its average volume of 5,847,178. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $130.32 and a two-hundred day moving average price of $120.54. The firm has a market cap of $52.07 billion, a price-to-earnings ratio of 327.77, a PEG ratio of 82.40 and a beta of 1.03. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share 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 the consensus estimate of $741.73 million. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total transaction of $13,451,522.15. Following the completion of the transaction, the chief technology officer directly owned 466,535 shares of the company's stock, valued at approximately $49,373,399.05. This trade represents a 21.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the transaction, the chief executive officer owned 548,715 shares in the company, valued at approximately $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 957,666 shares of company stock valued at $117,576,223. 8.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on DDOG. UBS Group lifted their price target on shares of Datadog from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Guggenheim reaffirmed a "sell" rating and set a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Cantor Fitzgerald raised their price objective on shares of Datadog from $134.00 to $171.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group decreased their price objective on shares of Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.79.

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.