Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Donoghue Forlines LLC

Donoghue Forlines LLC increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 196.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,653 shares of the company’s stock after buying an additional 9,045 shares during the period. Donoghue Forlines LLC’s holdings in Datadog were worth $1,951,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its stake in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after buying an additional 126,613 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Datadog by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares during the last quarter. Holocene Advisors LP boosted its holdings in Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Datadog by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after purchasing an additional 29,404 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the company’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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 617,679 shares of company stock valued at $88,668,671. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Up 1.6 %

Shares of Datadog stock opened at $142.35 on Thursday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The stock’s fifty day moving average is $146.89 and its 200-day moving average is $128.74. The firm has a market capitalization of $48.36 billion, a PE ratio of 266.52, a price-to-earnings-growth ratio of 16.09 and a beta of 1.14.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Sanford C. Bernstein decreased their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Scotiabank decreased their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday. Loop Capital boosted their price objective on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $158.45.

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.