Breakwater Capital Group Takes $233,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Breakwater Capital Group purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,630 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors also recently bought and sold shares of DDOG. True Wealth Design LLC grew 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 valued at $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Datadog by 66.5% during 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. Quarry LP bought a new position in Datadog in the 3rd quarter valued at $33,000. American National Bank & Trust purchased a new stake in Datadog in the third quarter worth $39,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Datadog during the fourth quarter worth $43,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Up 0.8 %

Shares of Datadog stock opened at $139.16 on Wednesday. The company has a 50 day moving average price of $145.36 and a 200 day moving average price of $128.42. The firm has a market capitalization of $47.28 billion, a P/E ratio of 262.57, a PEG ratio of 19.82 and a beta of 1.14. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Analyst Ratings Changes

A number of research analysts have recently commented on DDOG shares. BNP Paribas assumed coverage on shares of Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target on the stock. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Loop Capital lifted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada increased their price objective on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.46.

Insider Activity

In other news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 609,763 shares of company stock valued at $87,543,649 over the last ninety days. 11.78% of the stock is currently owned by insiders.

About Datadog

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.