Circle Wealth Management LLC Purchases 3,317 Shares of Datadog, Inc. (NASDAQ:DDOG)

Circle Wealth Management LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 84.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,230 shares of the company’s stock after buying an additional 3,317 shares during the period. Circle Wealth Management LLC’s holdings in Datadog were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. DNB Asset Management AS boosted its position in shares of Datadog by 1,974.5% during the 2nd quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after purchasing an additional 806,741 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Datadog by 1,597.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after purchasing an additional 739,011 shares during the period. Champlain Investment Partners LLC acquired a new position in Datadog during the 3rd quarter valued at about $52,561,000. Eagle Asset Management Inc. raised its position in Datadog by 72.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after buying an additional 384,121 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after purchasing an additional 344,431 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. This trade represents a 16.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Obstler sold 33,334 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the completion of the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 541,491 shares of company stock worth $68,927,496. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DDOG shares. Royal Bank of Canada reissued an “outperform” rating and issued a $151.00 target price on shares of Datadog in a research report on Friday, August 9th. Rosenblatt Securities raised their price objective on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird increased their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup raised their price target on Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets increased their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Datadog Stock Performance

Shares of DDOG opened at $152.75 on Friday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $157.48. The stock has a market capitalization of $51.89 billion, a PE ratio of 288.21, a P/E/G ratio of 19.89 and a beta of 1.10. The company’s fifty day moving average is $128.23 and its 200 day moving average is $121.26.

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.