Nvwm LLC Grows Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Nvwm LLC increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,007 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Nvwm LLC’s holdings in Datadog were worth $1,430,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DDOG. Los Angeles Capital Management LLC grew its stake in shares of Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after purchasing an additional 24,574 shares during the period. Heritage Investors Management Corp bought a new stake in Datadog during the third quarter valued at approximately $1,157,000. Atom Investors LP bought a new stake in Datadog during the third quarter valued at approximately $1,112,000. Parnassus Investments LLC increased its holdings in Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after buying an additional 40,952 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after acquiring an additional 126,613 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

NASDAQ:DDOG opened at $145.83 on Wednesday. The firm has a market capitalization of $49.54 billion, a price-to-earnings ratio of 275.16, a PEG ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company’s 50-day moving average is $147.55 and its two-hundred day moving average is $129.90.

Analysts Set New Price Targets

A number of brokerages recently commented on DDOG. Rosenblatt Securities raised their target price on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup boosted their price objective on Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 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 research note on Thursday, November 7th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $157.59.

Insider Activity

In related news, CRO Sean Michael Walters sold 4,244 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now directly owns 179,367 shares in the company, valued at approximately $24,214,545. This represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’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 transaction, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 653,874 shares of company stock valued at $93,721,154. Company 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.