U.S. Capital Wealth Advisors LLC Purchases New Holdings in Datadog, Inc. (NASDAQ:DDOG)

U.S. Capital Wealth Advisors LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,115 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDOG. M&T Bank Corp boosted its holdings in Datadog by 14.8% in the fourth quarter. M&T Bank Corp now owns 10,561 shares of the company’s stock worth $1,282,000 after acquiring an additional 1,359 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after buying an additional 97 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Datadog by 0.5% during the 4th quarter. Amalgamated Bank now owns 29,210 shares of the company’s stock valued at $3,546,000 after acquiring an additional 152 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Datadog by 308.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 242,277 shares of the company’s stock worth $29,408,000 after acquiring an additional 183,026 shares during the period. Finally, Robertson Stephens Wealth Management LLC purchased a new position in shares of Datadog during the fourth quarter valued at approximately $277,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, insider Madre Armelle De sold 600 shares of the 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 completion of the transaction, the insider now owns 100,353 shares in the company, valued at $12,578,245.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Datadog news, COO Adam Blitzer sold 20,892 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $2,686,293.36. Following the completion of the sale, the chief operating officer now owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Madre Armelle De sold 600 shares of the company’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 transaction, the insider now directly owns 100,353 shares in the company, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. Insiders have sold 626,593 shares of company stock valued at $80,422,044 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Performance

DDOG opened at $112.40 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market capitalization of $37.30 billion, a price-to-earnings ratio of 936.67 and a beta of 1.14. The company has a fifty day moving average of $124.57 and a 200 day moving average of $119.16. Datadog, Inc. has a fifty-two week low of $75.02 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) earnings per share. As a group, sell-side analysts forecast that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on DDOG shares. Mizuho lifted their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 price objective on shares of Datadog in a research report on Monday, April 22nd. Truist Financial raised their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Canaccord Genuity Group restated a “buy” rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a research note on Monday. Four research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.42.

About Datadog

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.