Powell Investment Advisors LLC Buys Shares of 2,048 Datadog, Inc. (NASDAQ:DDOG)

Powell Investment Advisors LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,048 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of Datadog by 25.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after purchasing an additional 558 shares during the period. MetLife Investment Management LLC bought a new stake in Datadog during the 1st quarter worth approximately $2,494,000. Yousif Capital Management LLC increased its holdings in Datadog by 9.3% during the 1st quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after acquiring an additional 310 shares during the period. Dimensional Fund Advisors LP increased its holdings in Datadog by 11.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock worth $21,137,000 after acquiring an additional 14,658 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Datadog by 20.0% in the 1st quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DDOG shares. William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Citigroup increased their price target on shares of Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho increased their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $130.52.

Datadog Trading Down 3.9 %

Shares of NASDAQ:DDOG traded down $4.93 on Friday, hitting $120.09. The company had a trading volume of 3,627,985 shares, compared to its average volume of 2,512,027. The firm’s 50-day simple moving average is $125.89 and its two-hundred day simple moving average is $115.75. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $138.61. 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 capitalization of $39.85 billion, a price-to-earnings ratio of 1,000.75 and a beta of 1.15.

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

Insider Transactions at Datadog

In related news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,879,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the sale, the chief financial officer now owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 745,984 shares of company stock valued at $95,917,681. Company insiders own 14.97% of the company’s stock.

Datadog Company 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.