Argentarii LLC Makes New $234,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Argentarii LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, Holdings Channel reports. The fund purchased 1,639 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also bought and sold shares of DDOG. True Wealth Design LLC raised its stake in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the fourth quarter valued at about $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% during 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 during the period. Meeder Asset Management Inc. boosted its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP bought a new position in Datadog during the third quarter valued at approximately $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total value of $2,955,612.98. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $58,370,204.89. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the sale, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 410,630 shares of company stock worth $57,719,574 in the last quarter. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Performance

DDOG stock opened at $109.63 on Monday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a 50 day moving average price of $135.05 and a two-hundred day moving average price of $131.86. The stock has a market capitalization of $37.58 billion, a P/E ratio of 214.96, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last announced 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%. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and reduced their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Truist Financial lowered their price objective on Datadog from $150.00 to $140.00 and set a “hold” 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 issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.70.

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.