Robertson Stephens Wealth Management LLC Purchases New Shares in Datadog, Inc. (NASDAQ:DDOG)

Robertson Stephens Wealth Management LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,278 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors have also recently bought and sold shares of DDOG. Anchor Investment Management LLC bought a new stake in shares of Datadog in the fourth quarter valued at approximately $25,000. BluePath Capital Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at $31,000. Private Trust Co. NA lifted its position in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares during the period. AM Squared Ltd acquired a new stake in shares of Datadog during the 3rd quarter worth $36,000. Finally, GAMMA Investing LLC acquired a new position in Datadog in the fourth quarter valued at about $45,000. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, insider Madre Armelle De sold 600 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now owns 100,353 shares in the company, valued at approximately $12,578,245.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the transaction, the chief executive officer now owns 299,075 shares in the company, valued at $38,825,916.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Madre Armelle De sold 600 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the sale, the insider now owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. Insiders sold a total of 759,908 shares of company stock valued at $97,728,997 in the last quarter. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

DDOG stock opened at $124.27 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market cap of $41.24 billion, a price-to-earnings ratio of 1,035.58 and a beta of 1.14. The company’s fifty day simple moving average is $125.09 and its 200 day simple moving average is $118.05. Datadog, Inc. has a 12-month low of $70.00 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same period in the previous year, the business earned ($0.08) EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. On average, analysts expect that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

DDOG has been the topic of several recent analyst reports. Citigroup raised their target price on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, January 22nd. William Blair restated an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (up previously from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Truist Financial boosted their price target on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada lifted their target price on Datadog from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.70.

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.