SeaCrest Wealth Management LLC Acquires 916 Shares of Datadog, Inc. (NASDAQ:DDOG)

SeaCrest Wealth Management LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 37.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,387 shares of the company’s stock after acquiring an additional 916 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Datadog were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DDOG. Biltmore Wealth Management LLC bought a new position in shares of Datadog in the fourth quarter worth about $812,000. Breakwater Capital Group purchased a new stake in Datadog in the 4th quarter valued at about $233,000. FNY Investment Advisers LLC bought a new position in Datadog in the 4th quarter worth about $192,000. Pallas Capital Advisors LLC increased its position in shares of Datadog by 26.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,834 shares of the company’s stock worth $405,000 after acquiring an additional 594 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. DA Davidson lifted their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Rosenblatt Securities increased their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BNP Paribas began coverage on shares of Datadog in a research report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.97.

Datadog Price Performance

DDOG stock opened at $136.79 on Friday. The firm’s fifty day simple moving average is $145.61 and its 200-day simple moving average is $128.51. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The company has a market capitalization of $46.47 billion, a P/E ratio of 258.10, a price-to-earnings-growth ratio of 16.31 and a beta of 1.14.

Insider Buying and Selling at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now directly owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the sale, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 609,763 shares of company stock valued at $87,543,649. 11.78% of the stock is owned by insiders.

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.