Wealth Enhancement Advisory Services LLC Has $1.70 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Wealth Enhancement Advisory Services LLC increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,883 shares of the company’s stock after purchasing an additional 137 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Datadog were worth $1,698,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DDOG. True Wealth Design LLC lifted its stake in shares of Datadog by 12,000.0% in the third 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 holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Quarry LP acquired a new position in Datadog during the 3rd quarter worth $33,000. American National Bank & Trust bought a new stake in Datadog during the third quarter valued at about $39,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Datadog in the third quarter valued at about $44,000. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the transaction, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Amit Agarwal sold 150,000 shares of the 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 in the company, valued at $27,005,078.25. The trade was a 41.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 609,763 shares of company stock valued at $87,543,649 in the last three months. 11.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. Robert W. Baird upped 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 price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets upped their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, TD Cowen restated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $157.46.

Datadog Stock Up 1.3 %

NASDAQ:DDOG opened at $140.95 on Thursday. The firm has a market cap of $47.88 billion, a PE ratio of 265.95, a price-to-earnings-growth ratio of 19.82 and a beta of 1.14. The company’s 50-day moving average price is $145.36 and its two-hundred day moving average price is $128.42. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

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.