Fulton Breakefield Broenniman LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Fulton Breakefield Broenniman LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,012 shares of the company’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog in the 4th quarter valued at $30,000. Avior Wealth Management LLC raised its stake in shares of 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 last quarter. True Wealth Design LLC raised its stake in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP acquired a new position in Datadog in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG stock opened at $151.89 on Wednesday. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 286.59, a PEG ratio of 16.28 and a beta of 1.14. The firm has a 50 day moving average price of $147.68 and a 200-day moving average price of $129.02. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Amit Agarwal sold 150,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares of the company’s stock, valued at $27,005,078.25. This trade represents a 41.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 642,679 shares of company stock worth $92,155,421. Insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DDOG shares. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective for the company. Sanford C. Bernstein dropped their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird increased their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Barclays raised their target price on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.59.

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.