Donoghue Forlines LLC Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Donoghue Forlines LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 196.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,653 shares of the company's stock after purchasing an additional 9,045 shares during the period. Donoghue Forlines LLC's holdings in Datadog were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of DDOG. Avior Wealth Management LLC lifted its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after buying an additional 91 shares during the period. GAMMA Investing LLC lifted its stake in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company's stock worth $65,000 after acquiring an additional 92 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Hudock Inc. grew its position in Datadog by 3.3% in the 3rd quarter. Hudock Inc. now owns 3,596 shares of the company's stock valued at $414,000 after acquiring an additional 116 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 0.1 %

Shares of DDOG stock traded up $0.08 during trading hours on Thursday, reaching $140.20. 3,803,727 shares of the company's stock were exchanged, compared to its average volume of 3,490,797. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock has a market cap of $47.63 billion, a PE ratio of 264.53, a PEG ratio of 16.09 and a beta of 1.14. The stock's fifty day moving average price is $146.89 and its two-hundred day moving average price is $128.74.

Insider Transactions at Datadog

In other news, 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 completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 617,679 shares of company stock worth $88,668,671. Company insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

DDOG has been the subject of several research analyst reports. UBS Group reiterated an "underperform" rating on shares of Datadog in a research report on Friday, October 18th. Guggenheim reiterated a "neutral" rating on shares of Datadog in a report on Wednesday. Wedbush upgraded shares of Datadog from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Monness Crespi & Hardt raised shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. Finally, Macquarie started coverage on Datadog in a report on Thursday, December 12th. They issued an "outperform" rating and a $200.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.45.

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.