Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,648 shares of the company’s stock after acquiring an additional 228 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Datadog were worth $521,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Callan Family Office LLC acquired a new position in Datadog in the 4th quarter valued at about $1,108,000. E Fund Management Co. Ltd. increased its position in Datadog by 279.5% in the 4th quarter. E Fund Management Co. Ltd. now owns 11,017 shares of the company’s stock valued at $1,574,000 after acquiring an additional 8,114 shares during the period. Candriam S.C.A. increased its position in Datadog by 3.0% during the 4th quarter. Candriam S.C.A. now owns 266,067 shares of the company’s stock worth $38,018,000 after purchasing an additional 7,637 shares during the period. Vestmark Advisory Solutions Inc. increased its position in Datadog by 47.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 5,982 shares of the company’s stock worth $855,000 after purchasing an additional 1,918 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Datadog by 3.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 72,489 shares of the company’s stock worth $10,358,000 after purchasing an additional 2,451 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DDOG shares. Loop Capital boosted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Cantor Fitzgerald started coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Rosenblatt Securities boosted their target price on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Finally, Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Performance

DDOG stock opened at $101.65 on Tuesday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock’s 50 day moving average price is $134.20 and its 200 day moving average price is $131.77. The firm has a market cap of $34.84 billion, a P/E ratio of 199.32, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 410,630 shares of company stock valued at $57,719,574 in the last quarter. 11.78% of the stock is currently owned by company insiders.

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.