New Century Financial Group LLC Has $506,000 Stake in Datadog, Inc. (NASDAQ:DDOG)

New Century Financial Group LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,493 shares of the company’s stock after acquiring an additional 1,373 shares during the quarter. New Century Financial Group LLC’s holdings in Datadog were worth $506,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DDOG. True Wealth Design LLC grew its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter worth about $30,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Datadog during the third quarter worth approximately $33,000. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the business’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 value 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 trade represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,679 shares of company stock worth $88,668,671. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

NASDAQ:DDOG opened at $140.20 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a market cap of $47.63 billion, a P/E ratio of 264.53, a P/E/G ratio of 16.09 and a beta of 1.14. The firm’s fifty day moving average price is $146.89 and its two-hundred day moving average price is $128.74.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday. Barclays raised their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Loop Capital upped their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Macquarie started 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. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.