Capital Insight Partners LLC Increases Holdings in Datadog, Inc. (NASDAQ:DDOG)

Capital Insight Partners LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,156 shares of the company’s stock after buying an additional 343 shares during the period. Capital Insight Partners LLC’s holdings in Datadog were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors 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 $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC boosted its holdings in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Meeder Asset Management Inc. grew its position in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP purchased a new position in shares of Datadog during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DDOG. Citigroup upped their target price on Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Truist Financial cut shares of Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. BNP Paribas initiated coverage on shares of Datadog in a research report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $157.59.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 653,874 shares of company stock valued at $93,721,154. 11.78% of the stock is currently owned by insiders.

Datadog Price Performance

DDOG opened at $142.71 on Friday. The firm has a market capitalization of $48.48 billion, a price-to-earnings ratio of 269.27, a price-to-earnings-growth ratio of 16.94 and a beta of 1.14. The company’s 50 day simple moving average is $147.99 and its two-hundred day simple moving average is $129.49. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

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.