Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Quent Capital LLC

Quent Capital LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,303 shares of the company’s stock after selling 980 shares during the quarter. Quent Capital LLC’s holdings in Datadog were worth $186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also 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 valued at $28,000 after purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Datadog in the 3rd quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Up 1.8 %

Shares of NASDAQ DDOG opened at $148.09 on Thursday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The firm has a 50-day moving average price of $146.75 and a 200 day moving average price of $130.77. The stock has a market capitalization of $50.31 billion, a price-to-earnings ratio of 279.42, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and reduced their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. DA Davidson increased their target price on shares of Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday. Mizuho increased their target price on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Loop Capital increased their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.52.

Insider Activity at Datadog

In other Datadog news, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares in the company, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 777,586 shares of company stock worth $111,444,979 over the last 90 days. Company insiders own 11.78% of the company’s stock.

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.