Financial Life Planners Buys Shares of 407 Datadog, Inc. (NASDAQ:DDOG)

Financial Life Planners purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 407 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC lifted its stake 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 buying an additional 81 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in shares of Datadog during the third quarter valued at approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 3,393 shares of the 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 sale, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on DDOG shares. Macquarie started coverage on Datadog in a research report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price for the company. Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their target price for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, Guggenheim reiterated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.59.

Datadog Stock Up 0.1 %

Shares of DDOG opened at $142.71 on Monday. The stock’s 50-day moving average price is $147.99 and its 200 day moving average price is $129.53. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The firm has a market capitalization of $48.48 billion, a price-to-earnings ratio of 269.27, a P/E/G ratio of 16.59 and a beta of 1.15.

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.