Stratos Wealth Advisors LLC Invests $1.10 Million in Datadog, Inc. (NASDAQ:DDOG)

Stratos Wealth Advisors LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,665 shares of the company’s stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Datadog in the second quarter valued at $954,000. GAMMA Investing LLC grew its holdings in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in shares of Datadog during the third quarter valued at $441,000. CWM LLC lifted its holdings in shares of Datadog by 69.1% during the third quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after purchasing an additional 4,229 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in Datadog by 11.5% in the 3rd quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock worth $243,000 after purchasing an additional 205 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the completion of the transaction, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the firm’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 completion of the sale, the chief executive officer now owns 379,693 shares in the company, 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 780,979 shares of company stock worth $111,869,206 in the last 90 days. 11.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on DDOG. 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 note on Friday, November 8th. Barclays raised their price objective on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Rosenblatt Securities increased their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price target on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, UBS Group reissued an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. One investment 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.59.

Datadog Price Performance

DDOG stock opened at $144.85 on Friday. The stock has a market capitalization of $49.21 billion, a price-to-earnings ratio of 273.31, a price-to-earnings-growth ratio of 16.59 and a beta of 1.15. The company has a 50-day moving average of $147.41 and a two-hundred day moving average of $130.00. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

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.