Aptus Capital Advisors LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Aptus Capital Advisors LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,132 shares of the company’s stock, valued at approximately $305,000.

Several other large investors have also made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the fourth quarter valued at $30,000. Avior Wealth Management LLC lifted its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Coppell Advisory Solutions LLC grew its holdings in Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares during the period. Kieckhefer Group LLC purchased a new position in Datadog during the fourth quarter valued at approximately $43,000. Finally, Summit Securities Group LLC acquired a new position in Datadog in the fourth quarter valued at approximately $43,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 10,167 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the sale, the director now directly owns 82,324 shares in the company, valued at approximately $9,538,058.64. This trade represents a 10.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the transaction, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at $47,745,481.08. The trade was a 19.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 385,456 shares of company stock worth $39,018,715. 11.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DDOG. Stifel Nicolaus set a $120.00 target price on shares of Datadog in a report on Tuesday. Canaccord Genuity Group lowered their target price on shares of Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday. Needham & Company LLC cut their price target on Datadog from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $134.00 price target on shares of Datadog in a research report on Wednesday. Finally, Macquarie cut their price objective on Datadog from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.54.

Datadog Stock Performance

Shares of Datadog stock opened at $109.36 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 214.43, a PEG ratio of 44.03 and a beta of 1.12. The stock has a 50 day moving average of $100.36 and a 200 day moving average of $125.92.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period last year, the company earned $0.44 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. Analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.