Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Sandy Spring Bank

Sandy Spring Bank raised its position in Datadog, Inc. (NASDAQ:DDOG) by 28.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,195 shares of the company’s stock after acquiring an additional 4,248 shares during the period. Sandy Spring Bank’s holdings in Datadog were worth $2,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DDOG. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in shares of Datadog in the 3rd quarter valued at approximately $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the topic of several recent research reports. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research note on Thursday, January 16th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Finally, Mizuho upped their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $103.17 on Friday. The stock has a market cap of $35.36 billion, a P/E ratio of 202.30, a P/E/G ratio of 44.03 and a beta of 1.22. The firm has a fifty day moving average price of $127.67 and a 200 day moving average price of $130.80. Datadog, Inc. has a 1-year low of $98.30 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued 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%. Sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated 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 completion of the sale, the president now directly owns 195,667 shares in the company, 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. Insiders sold a total of 626,412 shares of company stock worth $79,144,334 in the last 90 days. Company insiders own 11.78% of the company’s stock.

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.