Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,716 shares of the company’s stock after selling 317 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Datadog were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC purchased a new position in Datadog in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% during the 3rd 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. Finally, Quarry LP acquired a new stake in Datadog in the 3rd quarter valued at $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Datadog stock opened at $145.72 on Thursday. The firm has a market capitalization of $49.50 billion, a P/E ratio of 274.95, a P/E/G ratio of 16.28 and a beta of 1.14. The company has a 50-day simple moving average of $148.05 and a 200-day simple moving average of $129.18. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DDOG shares. Scotiabank decreased their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Citigroup increased their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Sanford C. Bernstein decreased their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Mizuho raised their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Robert W. Baird upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $157.59.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value 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. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by company insiders.

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.