Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Leibman Financial Services Inc.

Leibman Financial Services Inc. lessened its stake in Datadog, Inc. (NASDAQ:DDOG) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,488 shares of the company’s stock after selling 1,764 shares during the quarter. Datadog comprises about 1.7% of Leibman Financial Services Inc.’s holdings, making the stock its 29th largest holding. Leibman Financial Services Inc.’s holdings in Datadog were worth $2,356,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DDOG. True Wealth Design LLC boosted its stake in shares of 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 period. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Quarry LP purchased a new stake in shares of Datadog during the third quarter worth about $33,000. American National Bank & Trust acquired a new position in shares of Datadog in the third quarter worth about $39,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Datadog in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Obstler sold 33,334 shares of Datadog stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at approximately $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 609,763 shares of company stock valued at $87,543,649 over the last 90 days. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Performance

Shares of DDOG stock opened at $138.00 on Tuesday. The firm has a market capitalization of $46.88 billion, a PE ratio of 260.38, a price-to-earnings-growth ratio of 19.82 and a beta of 1.14. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock has a fifty day moving average of $145.08 and a two-hundred day moving average of $128.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. UBS Group restated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Royal Bank of Canada increased their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, BMO Capital Markets upped their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.46.

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.