Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 41.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,660 shares of the company's stock after acquiring an additional 1,943 shares during the period. TD Private Client Wealth LLC's holdings in Datadog were worth $661,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DDOG. Farther Finance Advisors LLC grew its stake in Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after buying an additional 92 shares during the last quarter. SageView Advisory Group LLC increased its holdings in shares of Datadog by 4.9% in the 4th quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock valued at $311,000 after acquiring an additional 101 shares during the period. Corient Private Wealth LLC grew its position in Datadog by 0.9% during the 4th quarter. Corient Private Wealth LLC now owns 13,118 shares of the company's stock worth $1,874,000 after purchasing an additional 115 shares during the last quarter. State of Wyoming increased its stake in Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after purchasing an additional 117 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in shares of Datadog by 3.3% during the first quarter. Yousif Capital Management LLC now owns 3,891 shares of the company's stock worth $386,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Down 3.7%

Shares of NASDAQ DDOG traded down $5.26 on Thursday, hitting $137.49. The company had a trading volume of 9,699,587 shares, compared to its average volume of 4,966,382. The firm has a market capitalization of $47.48 billion, a P/E ratio of 298.90, a PEG ratio of 80.73 and a beta of 1.03. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The business has a 50 day moving average of $122.70 and a two-hundred day moving average of $121.06.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The business had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The business's quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other news, CRO Sean Michael Walters sold 9,469 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the transaction, the executive owned 212,324 shares of the company's stock, valued at approximately $31,848,600. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $120.86, for a total value of $956,727.76. Following the completion of the transaction, the director owned 388,205 shares of the company's stock, valued at approximately $46,918,456.30. The trade was a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 866,806 shares of company stock worth $104,910,027 over the last ninety days. Company insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of recent research reports. Truist Financial dropped their target price on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Wedbush restated an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Stifel Nicolaus lifted their target price on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Macquarie decreased their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, BTIG Research set a $136.00 target price on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $144.27.

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.