Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Nvwm LLC

Nvwm LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.5% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DDOG. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC grew its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. True Wealth Design LLC increased its stake 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 acquiring an additional 240 shares during the period. Meeder Asset Management Inc. increased its position in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in shares of Datadog in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other 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 value 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. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction 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 transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by company insiders.

Datadog Stock Up 1.9 %

Shares of DDOG stock opened at $145.83 on Wednesday. The business has a 50 day moving average of $147.55 and a two-hundred day moving average of $129.90. The company has a market cap of $49.54 billion, a P/E ratio of 275.16, a PEG ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Cantor Fitzgerald began coverage on shares of Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price for the company. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. BMO Capital Markets upped their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and cut their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. One 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.59.

Datadog 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.