Weatherly Asset Management L. P. Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Weatherly Asset Management L. P. purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,670 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares during the last quarter. CWM LLC raised its stake in shares of Datadog by 69.1% in the third quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after purchasing an additional 4,229 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Datadog by 11.5% in the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock valued at $243,000 after purchasing an additional 205 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Datadog by 297.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,187 shares of the company’s stock valued at $252,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Datadog by 47.7% in the third quarter. Valeo Financial Advisors LLC now owns 6,614 shares of the company’s stock valued at $761,000 after purchasing an additional 2,136 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Up 3.1 %

NASDAQ:DDOG opened at $147.10 on Tuesday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business’s 50-day moving average price is $147.06 and its two-hundred day moving average price is $130.39. The firm has a market capitalization of $49.97 billion, a price-to-earnings ratio of 277.55, a PEG ratio of 16.83 and a beta of 1.15.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank of Canada upped their target price on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities upped their price target on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays upped their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird upped their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, UBS Group reiterated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $158.10.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the stock in a transaction dated Wednesday, November 20th. The stock was 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 of the company’s stock, valued at approximately $42,709,780.10. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 777,586 shares of company stock valued at $111,444,979. 11.78% of the stock is currently owned by company insiders.

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.