3,046 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Dakota Wealth Management

Dakota Wealth Management bought a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,046 shares of the company’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Datadog by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 306,402 shares of the company’s stock valued at $39,735,000 after buying an additional 29,890 shares during the last quarter. Toronto Dominion Bank grew its stake in Datadog by 1.3% in the 2nd quarter. Toronto Dominion Bank now owns 29,499 shares of the company’s stock worth $3,826,000 after acquiring an additional 381 shares during the period. APG Asset Management N.V. raised its holdings in Datadog by 9.8% in the 2nd quarter. APG Asset Management N.V. now owns 197,943 shares of the company’s stock valued at $23,953,000 after acquiring an additional 17,588 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Datadog during the 2nd quarter worth $367,000. Finally, MBB Public Markets I LLC acquired a new stake in shares of Datadog during the second quarter worth $2,469,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the completion of the transaction, the director now directly owns 695,086 shares of the company’s stock, 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. In the last 90 days, insiders have sold 642,679 shares of company stock worth $92,155,421. 11.78% of the stock is currently owned by corporate insiders.

Datadog Price Performance

DDOG opened at $140.99 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The stock has a market capitalization of $47.90 billion, a PE ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14. The firm’s fifty day moving average price is $147.36 and its 200 day moving average price is $128.88.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DDOG. Loop Capital increased their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Scotiabank cut their price objective 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. Robert W. Baird raised 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. Macquarie assumed coverage on shares of Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price target for the company. Finally, TD Cowen reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.

About Datadog

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.