Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,530 shares of the company’s stock after purchasing an additional 117 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Datadog were worth $1,648,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares in the last quarter. CWM LLC lifted its position in Datadog by 69.1% in the third quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after acquiring an additional 4,229 shares during the last quarter. Wedmont Private Capital boosted its stake in Datadog by 11.5% in the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock valued at $243,000 after acquiring an additional 205 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Datadog by 297.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,187 shares of the company’s stock valued at $252,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Datadog by 47.7% during the third quarter. Valeo Financial Advisors LLC now owns 6,614 shares of the company’s stock worth $761,000 after purchasing an additional 2,136 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 777,586 shares of company stock worth $111,444,979. 11.78% of the stock is owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $147.10 on Tuesday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The firm has a market capitalization of $49.97 billion, a price-to-earnings ratio of 277.55, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. The business’s 50 day simple moving average is $147.06 and its 200-day simple moving average is $130.39.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and reduced their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Sanford C. Bernstein reduced their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Scotiabank lowered their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Monness Crespi & Hardt upgraded shares of 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 analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.10.

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.