Linden Thomas Advisory Services LLC Boosts Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Linden Thomas Advisory Services LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,854 shares of the company’s stock after purchasing an additional 852 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Datadog were worth $1,694,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Datadog by 410.9% in the fourth quarter. Fifth Third Bancorp now owns 11,255 shares of the company’s stock worth $1,608,000 after buying an additional 9,052 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Datadog by 31.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,172 shares of the company’s stock worth $2,311,000 after purchasing an additional 3,906 shares in the last quarter. RFG Advisory LLC bought a new position in Datadog in the 4th quarter valued at $291,000. Brighton Jones LLC purchased a new position in shares of Datadog during the 4th quarter valued at $209,000. Finally, New Century Financial Group LLC increased its holdings in shares of Datadog by 64.8% in the fourth quarter. New Century Financial Group LLC now owns 3,493 shares of the company’s stock worth $506,000 after purchasing an additional 1,373 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent analyst reports. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. BMO Capital Markets boosted their price objective on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating 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 company an “outperform” rating in a research note on Friday, November 8th. Citigroup boosted their price target on shares of Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, TD Cowen restated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $158.45.

Datadog Stock Up 0.6 %

NASDAQ DDOG opened at $140.99 on Friday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock’s 50 day moving average is $147.36 and its 200 day moving average is $128.88. The firm 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.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’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 transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 642,679 shares of company stock worth $92,155,421. Insiders own 11.78% of the company’s stock.

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.