SVB Wealth LLC Acquires 15,012 Shares of Datadog, Inc. (NASDAQ:DDOG)

SVB Wealth LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 91.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,412 shares of the company's stock after buying an additional 15,012 shares during the quarter. SVB Wealth LLC's holdings in Datadog were worth $3,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sunbelt Securities Inc. boosted its holdings in Datadog by 5.3% during the third quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company's stock worth $198,000 after buying an additional 110 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Datadog by 8.7% during the third quarter. Advisors Asset Management Inc. now owns 1,594 shares of the company's stock valued at $145,000 after purchasing an additional 127 shares during the period. Yousif Capital Management LLC increased its stake in Datadog by 4.9% in the third quarter. Yousif Capital Management LLC now owns 3,083 shares of the company's stock valued at $281,000 after purchasing an additional 145 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Datadog by 1.3% in the third quarter. Park Avenue Securities LLC now owns 11,410 shares of the company's stock worth $1,039,000 after purchasing an additional 146 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Datadog by 6.9% during the third quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the company's stock worth $213,000 after purchasing an additional 150 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Truist Financial boosted their price objective on Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, February 14th. Canaccord Genuity Group reissued a "buy" rating and set a $150.00 price objective on shares of Datadog in a research report on Friday, February 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday. BMO Capital Markets reiterated an "outperform" rating and set a $155.00 target price (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Finally, Robert W. Baird boosted their price target on Datadog from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat, Datadog has an average rating of "Moderate Buy" and an average price target of $130.52.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 33,311 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now owns 294,012 shares of the company's stock, valued at $37,804,062.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, President Amit Agarwal sold 33,311 shares of Datadog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the completion of the sale, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders have sold 745,984 shares of company stock worth $95,917,681 in the last 90 days. Company insiders own 14.97% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $1.47 during mid-day trading on Thursday, reaching $125.02. 2,595,611 shares of the company were exchanged, compared to its average volume of 4,063,655. The stock has a market capitalization of $41.49 billion, a P/E ratio of 1,029.58 and a beta of 1.15. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company's 50-day simple moving average is $126.31 and its 200-day simple moving average is $115.49. Datadog, Inc. has a twelve month low of $62.60 and a twelve month high of $138.61.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to analysts' expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business's revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) earnings per share. As a group, research analysts predict that Datadog, Inc. will post -0.14 earnings per share for the current year.

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.