Larson Financial Group LLC Purchases 258 Shares of Datadog, Inc. (NASDAQ:DDOG)

Larson Financial Group LLC raised its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,098 shares of the company’s stock after purchasing an additional 258 shares during the period. Larson Financial Group LLC’s holdings in Datadog were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Datadog during the fourth quarter valued at $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. True Wealth Design LLC grew its holdings 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 purchasing an additional 240 shares during the period. Meeder Asset Management Inc. grew its holdings in Datadog by 66.5% during 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 during the period. Finally, Quarry LP bought a new position in shares of Datadog in the third quarter worth $33,000. 78.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’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 sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the sale, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at approximately $47,745,481.08. This trade represents a 19.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 517,995 shares of company stock valued at $69,482,484. Insiders own 11.78% of the company’s stock.

Datadog Stock Up 0.3 %

NASDAQ DDOG opened at $101.96 on Wednesday. The stock’s 50-day simple moving average is $133.38 and its two-hundred day simple moving average is $131.66. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The company has a market capitalization of $34.95 billion, a price-to-earnings ratio of 199.93, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released 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 net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays cut their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Jefferies Financial Group raised their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada raised their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. DA Davidson raised their price target on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Mizuho raised their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.