PDS Planning Inc Makes New $221,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

PDS Planning Inc purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,545 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Investments Inc lifted its position in Datadog by 9.5% during the 3rd quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock worth $553,000 after acquiring an additional 416 shares during the last quarter. Quest Partners LLC increased its stake in shares of Datadog by 2,323.9% in the third quarter. Quest Partners LLC now owns 1,115 shares of the company’s stock worth $128,000 after purchasing an additional 1,069 shares during the period. Meeder Advisory Services Inc. lifted its position in shares of Datadog by 40.1% during the 3rd quarter. Meeder Advisory Services Inc. now owns 5,026 shares of the company’s stock worth $578,000 after purchasing an additional 1,439 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Datadog by 0.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Up 1.5 %

Datadog stock opened at $104.43 on Thursday. The stock has a 50-day simple moving average of $128.45 and a 200 day simple moving average of $130.99. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of 204.77, a P/E/G ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12-month low of $98.30 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its 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%. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. Macquarie reissued an “outperform” rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Truist Financial dropped their price objective on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Rosenblatt Securities increased their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Citigroup lowered their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 626,412 shares of company stock worth $79,144,334. Insiders own 11.78% of the company’s stock.

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.