Teamwork Financial Advisors LLC Buys Shares of 1,920 Datadog, Inc. (NASDAQ:DDOG)

Teamwork Financial Advisors LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,920 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also modified their holdings of DDOG. Norges Bank acquired a new stake in shares of Datadog during the fourth quarter worth $202,877,000. Massachusetts Financial Services Co. MA bought a new position in shares of Datadog during the third quarter valued at $189,668,000. 1832 Asset Management L.P. increased its position in Datadog by 166.2% in the second quarter. 1832 Asset Management L.P. now owns 2,507,400 shares of the company’s stock worth $246,678,000 after purchasing an additional 1,565,400 shares during the period. Alkeon Capital Management LLC acquired a new position in shares of Datadog in the 3rd quarter valued at approximately $127,526,000. Finally, Vanguard Group Inc. raised its stake in Datadog by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after acquiring an additional 1,191,742 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, President Amit Agarwal sold 33,311 shares of the business’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 $4,283,128.38. Following the sale, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President Amit Agarwal sold 33,311 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $4,283,128.38. Following the sale, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $33,574,159.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 816,027 shares of company stock valued at $102,761,314. 14.97% of the stock is currently owned by company insiders.

Datadog Price Performance

NASDAQ:DDOG traded up $0.09 on Friday, reaching $123.60. The stock had a trading volume of 1,887,188 shares, compared to its average volume of 3,311,027. The company has a market capitalization of $41.02 billion, a P/E ratio of 1,030.00 and a beta of 1.17. The stock has a fifty day moving average price of $127.19 and a 200-day moving average price of $112.19. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog, Inc. has a 1-year low of $62.60 and a 1-year high of $138.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DDOG shares. Needham & Company LLC raised their target price on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Truist Financial boosted their price objective on Datadog from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Barclays upped their target price on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Stifel Nicolaus raised Datadog from a “hold” rating to a “buy” rating and increased their price target for the stock from $98.00 to $140.00 in a research report on Thursday, December 7th. Finally, Wolfe Research upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

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.