Strategic Advocates LLC Has $1.41 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Strategic Advocates LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,850 shares of the company’s stock after acquiring an additional 1,166 shares during the quarter. Strategic Advocates LLC’s holdings in Datadog were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. Pathstone Holdings LLC grew its stake in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares during the period. GAMMA Investing LLC increased its holdings in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the last quarter. Parsons Capital Management Inc. RI raised its holdings in shares of Datadog by 2.0% in the 4th quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after purchasing an additional 96 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 2.1 %

DDOG stock opened at $142.61 on Friday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The business has a fifty day moving average of $148.26 and a two-hundred day moving average of $129.30. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 269.08, a price-to-earnings-growth ratio of 16.94 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DDOG shares. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Cantor Fitzgerald began coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $157.59.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were 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 of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 653,874 shares of company stock worth $93,721,154 over the last three months. 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.