Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in Datadog, Inc. (NASDAQ:DDOG) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 663 shares of the company’s stock after acquiring an additional 94 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Datadog were worth $95,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Datadog by 13.1% in the fourth quarter. QRG Capital Management Inc. now owns 21,483 shares of the company’s stock valued at $3,070,000 after acquiring an additional 2,495 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Datadog during the fourth quarter worth $14,884,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Datadog by 1.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,734 shares of the company’s stock worth $1,962,000 after purchasing an additional 178 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of Datadog by 2.1% during the fourth quarter. Kovack Advisors Inc. now owns 4,899 shares of the company’s stock worth $700,000 after purchasing an additional 100 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Datadog by 1.6% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 106,500 shares of the company’s stock worth $15,218,000 after purchasing an additional 1,700 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Up 2.7 %

Datadog stock opened at $116.57 on Monday. The stock has a market cap of $39.60 billion, a PE ratio of 228.57, a P/E/G ratio of 44.03 and a beta of 1.15. The stock has a 50-day moving average price of $138.51 and a 200 day moving average price of $131.99. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS 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, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now directly owns 68,758 shares in the company, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 556,674 shares of company stock worth $82,904,025. 11.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DDOG. Citigroup decreased their price target on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Cantor Fitzgerald assumed coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price target for the company. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.