Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,818 shares of the company’s stock, valued at approximately $2,415,000. Datadog accounts for about 0.9% of Walser Wealth Management Company A Ltd Liability Co’s holdings, making the stock its 17th biggest position.
Other hedge funds also recently modified their holdings of the company. Employees Provident Fund Board acquired a new position in shares of Datadog during the 4th quarter valued at $251,582,000. First Trust Advisors LP boosted its stake in Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Datadog by 197.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after acquiring an additional 1,622,904 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Datadog by 162.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.
Datadog Price Performance
Shares of NASDAQ:DDOG opened at $266.25 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The stock’s 50 day moving average is $246.42 and its 200-day moving average is $221.08. The firm has a market capitalization of $95.61 billion, a price-to-earnings ratio of 543.38, a PEG ratio of 26.28 and a beta of 1.51.
Insider Buying and Selling at Datadog
In other Datadog news, General Counsel Kerry Acocella sold 5,280 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the transaction, the general counsel directly owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of Datadog stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive owned 233,135 shares of the company’s stock, valued at $51,532,160.40. This represents a 4.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 in the last ninety days. 6.48% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
DDOG has been the subject of a number of research reports. DA Davidson restated a “buy” rating and issued a $315.00 price target on shares of Datadog in a report on Friday, August 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $158.00 price objective on shares of Datadog in a report on Friday, August 7th. Benchmark reissued a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. Wedbush initiated coverage on shares of Datadog in a research report on Friday, September 11th. They set an “outperform” rating and a $275.00 price objective on the stock. Finally, Guggenheim raised their target price on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $281.18.
Check Out Our Latest Stock Report on DDOG
Datadog Company Profile
Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.
The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.
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