Datadog, Inc. (NASDAQ:DDOG) Shares Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,387 shares of the company’s stock after purchasing an additional 916 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Datadog were worth $484,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC raised its stake in Datadog by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the last quarter. Geode Capital Management LLC boosted its position in Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after acquiring an additional 125,457 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after acquiring an additional 138,700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several analyst reports. Robert W. Baird lifted their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson raised their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays upped their target price on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein dropped their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $156.97.

Insider Activity at Datadog

In other Datadog news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00. Following the sale, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 609,763 shares of company stock valued at $87,543,649 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Trading Down 3.0 %

DDOG stock opened at $136.79 on Friday. The firm has a 50 day moving average of $145.61 and a 200-day moving average of $128.51. The company has a market cap of $46.47 billion, a price-to-earnings ratio of 258.10, a PEG ratio of 16.31 and a beta of 1.14. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

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.