Argentarii LLC Purchases Shares of 1,639 Datadog, Inc. (NASDAQ:DDOG)

Argentarii LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,639 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of DDOG. True Wealth Design LLC increased its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Datadog in the third quarter valued at about $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Rosenblatt Securities upped their price objective 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. Loop Capital increased their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Royal Bank of Canada raised their price target on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Jefferies Financial Group raised their price target on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Mizuho increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Trading Down 1.6 %

Shares of NASDAQ DDOG opened at $109.63 on Monday. The company has a market cap of $37.58 billion, a price-to-earnings ratio of 214.96, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a 50-day moving average price of $135.05 and a two-hundred day moving average price of $131.86.

Datadog (NASDAQ:DDOG) last announced 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%. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the completion of the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. This represents a 23.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 410,630 shares of company stock valued at $57,719,574 over the last ninety days. 11.78% of the stock is owned by company 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.