Foundations Investment Advisors LLC Has $931,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

Foundations Investment Advisors LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,518 shares of the company’s stock after buying an additional 1,107 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Datadog were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. True Wealth Design LLC increased its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. boosted its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. Finally, Quarry LP acquired a new stake in Datadog in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 4.1 %

Shares of NASDAQ:DDOG opened at $145.72 on Thursday. The firm has a market capitalization of $49.50 billion, a PE ratio of 274.95, a P/E/G ratio of 16.28 and a beta of 1.14. The company has a 50-day moving average price of $148.05 and a two-hundred day moving average price of $129.18. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. This represents a 2.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated 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 $45,861,901.38. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DDOG. UBS Group reiterated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. TD Cowen reissued a “buy” rating and set a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Cantor Fitzgerald began coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Finally, Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Thursday, November 7th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.59.

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.