Atria Wealth Solutions Inc. Purchases 1,104 Shares of Datadog, Inc. (NASDAQ:DDOG)

Atria Wealth Solutions Inc. raised its position in Datadog, Inc. (NASDAQ:DDOG) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,635 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Atria Wealth Solutions Inc.’s holdings in Datadog were worth $1,412,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Datadog during the 3rd quarter worth $189,668,000. Alkeon Capital Management LLC bought a new stake in shares of Datadog during the 3rd quarter worth $127,526,000. Vanguard Group Inc. lifted its holdings in shares of Datadog by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Datadog during the 3rd quarter worth $44,939,000. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Datadog by 83.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,069,224 shares of the company’s stock worth $97,396,000 after acquiring an additional 486,582 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DDOG has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays increased their price target on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. William Blair reissued an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Finally, Mizuho upped their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $131.70.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 23,924 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total value of $3,111,316.20. Following the transaction, the chief executive officer now directly owns 337,247 shares in the company, valued at $43,858,972.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Datadog news, CFO David M. Obstler sold 31,007 shares of the 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 $3,986,880.06. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at $35,384,058.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 23,924 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the sale, the chief executive officer now owns 337,247 shares in the company, valued at $43,858,972.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 759,908 shares of company stock worth $97,728,997. Company insiders own 11.78% of the company’s stock.

Datadog Trading Up 0.7 %

NASDAQ:DDOG opened at $126.42 on Thursday. Datadog, Inc. has a 52 week low of $63.00 and a 52 week high of $138.61. 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 moving average price is $125.20 and its 200-day moving average price is $118.00. The stock has a market cap of $41.96 billion, a price-to-earnings ratio of 1,053.50 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter last year, the company posted ($0.08) earnings per share. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

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.