Financial Life Planners Purchases New Holdings in Datadog, Inc. (NASDAQ:DDOG)

Financial Life Planners acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 407 shares of the company’s stock, valued at approximately $58,000.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC lifted its stake in shares of Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Western Pacific Wealth Management LP acquired a new position in Datadog during the fourth quarter worth $77,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Datadog by 1.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 12,782 shares of the company’s stock valued at $1,826,000 after acquiring an additional 137 shares during the last quarter. Spire Wealth Management increased its holdings in Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after buying an additional 80 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $566,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $142.71 on Monday. The stock has a market capitalization of $48.48 billion, a P/E ratio of 269.27, a P/E/G ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The business has a 50 day simple moving average of $147.99 and a 200 day simple moving average of $129.53.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup lifted their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. Robert W. Baird raised their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, TD Cowen reissued a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. One equities research 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.59.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the business’s 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 sale, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the company’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 value of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 653,874 shares of company stock worth $93,721,154 in the last quarter. 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.