1,630 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Breakwater Capital Group

Breakwater Capital Group acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,630 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also modified their holdings of the company. True Wealth Design LLC increased its stake 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 valued at $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Quarry LP acquired a new stake in Datadog in the third quarter valued at approximately $33,000. Kieckhefer Group LLC purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $43,000. Finally, American National Bank & Trust acquired a new position in shares of Datadog during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DDOG shares. Loop Capital lifted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Citigroup boosted their target price on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird upped their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Stifel Nicolaus boosted their price objective on Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their target price on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.46.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 609,763 shares of company stock worth $87,543,649 in the last three months. 11.78% of the stock is owned by company insiders.

Datadog Stock Up 0.8 %

DDOG opened at $139.16 on Wednesday. The firm has a market cap of $47.28 billion, a P/E ratio of 262.57, a P/E/G ratio of 19.82 and a beta of 1.14. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The business has a fifty day simple moving average of $145.36 and a 200-day simple moving average of $128.42.

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.