Left Brain Wealth Management LLC Purchases Shares of 3,545 Datadog, Inc. (NASDAQ:DDOG)

Left Brain Wealth Management LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,545 shares of the company’s stock, valued at approximately $507,000.

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc grew its stake in shares of Datadog by 9.5% during the third quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock valued at $553,000 after buying an additional 416 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Datadog by 8.9% during the third quarter. Sigma Planning Corp now owns 5,645 shares of the company’s stock valued at $649,000 after buying an additional 460 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Datadog during the third quarter valued at about $54,000. Nations Financial Group Inc. IA ADV grew its stake in shares of Datadog by 3.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 4,641 shares of the company’s stock valued at $534,000 after buying an additional 139 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Datadog by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 886,221 shares of the company’s stock valued at $101,969,000 after buying an additional 7,339 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now directly owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 526,449 shares of company stock worth $70,345,130. Insiders own 11.78% of the company’s stock.

Datadog Stock Down 3.3 %

Shares of NASDAQ DDOG opened at $98.68 on Friday. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The firm has a market cap of $33.82 billion, a P/E ratio of 193.49, a PEG ratio of 44.03 and a beta of 1.22. The company has a 50 day moving average of $131.67 and a 200 day moving average of $131.22.

Datadog (NASDAQ:DDOG) last announced its 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%. As a group, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DDOG shares. Royal Bank of Canada raised their price objective on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. TD Cowen reaffirmed a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Rosenblatt Securities raised their target price on Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently 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.