Datadog, Inc. (NASDAQ:DDOG) Position Raised by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,407 shares of the company's stock after purchasing an additional 12,097 shares during the period. Stifel Financial Corp's holdings in Datadog were worth $21,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC increased its position in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Datadog in the 4th quarter valued at $43,000. Summit Securities Group LLC purchased a new stake in shares of Datadog during the 4th quarter valued at $43,000. Finally, Friedenthal Financial purchased a new position in shares of Datadog in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $0.49 during trading on Tuesday, reaching $102.23. 432,108 shares of the company's stock traded hands, compared to its average volume of 4,332,654. The company has a 50 day moving average of $102.20 and a 200-day moving average of $127.12. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock has a market capitalization of $35.04 billion, a P/E ratio of 200.05, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on DDOG. UBS Group reduced their price objective on Datadog from $164.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Wells Fargo & Company cut shares of Datadog from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. JMP Securities reiterated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. This trade represents a 16.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 512,561 shares of company stock worth $57,166,767. 11.78% of the stock is owned by insiders.

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.