SG Americas Securities LLC raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 149.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,372 shares of the company's stock after acquiring an additional 11,009 shares during the quarter. SG Americas Securities LLC's holdings in Datadog were worth $2,625,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Dakota Wealth Management acquired a new position in Datadog in the 4th quarter valued at approximately $435,000. Atomi Financial Group Inc. increased its stake in shares of Datadog by 70.7% in the fourth quarter. Atomi Financial Group Inc. now owns 6,541 shares of the company's stock worth $935,000 after acquiring an additional 2,709 shares during the last quarter. Perpetual Ltd purchased a new stake in shares of Datadog during the fourth quarter worth $355,000. Jackson Square Capital LLC acquired a new stake in Datadog during the fourth quarter valued at $1,116,000. Finally, HB Wealth Management LLC grew its stake in Datadog by 20.0% in the fourth quarter. HB Wealth Management LLC now owns 2,428 shares of the company's stock valued at $347,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.
Wall Street Analyst Weigh In
DDOG has been the subject of several research reports. DA Davidson lifted their price target on Datadog from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. Robert W. Baird boosted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Scotiabank cut their price target on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Wedbush upgraded Datadog from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.45.
Check Out Our Latest Stock Report on Datadog
Datadog Stock Up 0.6 %
DDOG traded up $0.79 during trading on Friday, hitting $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 stock has a market capitalization of $47.90 billion, a price-to-earnings ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The firm's 50 day moving average price is $147.36 and its two-hundred day moving average price is $128.89. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.
Insider Activity at Datadog
In other news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the completion of the transaction, the director now owns 195,667 shares in the company, valued at approximately $27,289,676.49. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 642,679 shares of company stock valued at $92,155,421 over the last ninety days. 11.78% of the stock is owned by insiders.
About Datadog
(
Free Report)
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.
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