TD Private Client Wealth LLC Has $661,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

TD Private Client Wealth LLC grew its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 41.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,660 shares of the company's stock after buying 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.

Other large investors also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Datadog during the 4th quarter worth approximately $32,000. Elequin Capital LP bought a new position in Datadog during the 4th quarter worth approximately $34,000. Coppell Advisory Solutions LLC lifted its holdings in Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after buying an additional 177 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. boosted its position in Datadog by 417.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after purchasing an additional 259 shares during the period. Institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other Datadog news, CFO David M. Obstler sold 35,016 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $117.40, for a total value of $4,110,878.40. Following the completion of the sale, the chief financial officer owned 399,270 shares of the company's stock, valued at $46,874,298. The trade was a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Jacobson sold 47,306 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $107.40, for a total value of $5,080,664.40. Following the completion of the sale, the director directly owned 25,468 shares of the company's stock, valued at $2,735,263.20. This represents a 65.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 866,806 shares of company stock valued at $104,910,027. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

DDOG has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price objective on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada restated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a research report on Wednesday, May 7th. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a research report on Tuesday, May 6th. Morgan Stanley boosted their price objective on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Macquarie reduced their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.27.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $1.44 during mid-day trading on Friday, reaching $138.93. The company had a trading volume of 3,196,979 shares, compared to its average volume of 4,968,975. 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 stock has a market cap of $47.98 billion, a PE ratio of 303.06, a P/E/G ratio of 78.97 and a beta of 1.03. The company has a 50-day moving average price of $123.32 and a two-hundred day moving average price of $120.99. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results 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 6.39% and a net margin of 5.85%. The business had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. During the same period in the previous year, the firm posted $0.44 EPS. The company's quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current 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.