Dakota Wealth Management Takes Position in Datadog, Inc. (NASDAQ:DDOG)

Dakota Wealth Management acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,046 shares of the company's stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DDOG. Pathstone Holdings LLC increased its position in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock valued at $2,664,000 after buying an additional 91 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company's stock worth $65,000 after acquiring an additional 92 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of 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 during the period. Hudock Inc. raised its position in shares of Datadog by 3.3% during the third quarter. Hudock Inc. now owns 3,596 shares of the company's stock worth $414,000 after purchasing an additional 116 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Datadog by 15.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 940 shares of the company's stock valued at $108,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Rosenblatt Securities raised their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Citigroup lifted their price target on Datadog from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Mizuho boosted their target price on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada raised their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Sanford C. Bernstein cut their price objective on shares of Datadog from $157.00 to $151.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.45.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 178,723 shares of the company'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 sale, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 642,679 shares of company stock worth $92,155,421 in the last quarter. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Up 0.6 %

Shares of Datadog stock traded up $0.79 during trading on Friday, reaching $140.99. The company's stock had a trading volume of 2,884,911 shares, compared to its average volume of 2,608,238. The business's 50-day moving average price is $147.36 and its 200-day moving average price is $128.89. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The firm has a market cap of $47.90 billion, a PE ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14.

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.