Hennion & Walsh Asset Management Inc. Has $901,000 Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Hennion & Walsh Asset Management Inc. grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 31.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,307 shares of the company’s stock after buying an additional 1,506 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Datadog were worth $901,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Northside Capital Management LLC raised its position in Datadog by 5.2% in the 4th quarter. Northside Capital Management LLC now owns 33,992 shares of the company’s stock valued at $4,857,000 after buying an additional 1,684 shares during the last quarter. USA Financial Formulas bought a new position in shares of Datadog during the 4th quarter worth approximately $1,215,000. Park Avenue Securities LLC raised its holdings in shares of Datadog by 102.6% in the fourth quarter. Park Avenue Securities LLC now owns 16,160 shares of the company’s stock valued at $2,309,000 after purchasing an additional 8,185 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Datadog by 55.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,866 shares of the company’s stock worth $50,850,000 after purchasing an additional 126,952 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in Datadog by 37.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,387 shares of the company’s stock worth $484,000 after purchasing an additional 916 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DDOG. Loop Capital boosted their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Jefferies Financial Group upped their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. TD Cowen reiterated a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Sanford C. Bernstein lowered their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price for the company. One investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.45.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 617,679 shares of company stock valued at $88,668,671 over the last 90 days. 11.78% of the stock is owned by insiders.

Datadog Trading Up 1.2 %

Datadog stock opened at $138.40 on Monday. The stock has a 50-day moving average price of $146.03 and a two-hundred day moving average price of $128.60. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The company has a market capitalization of $47.02 billion, a PE ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14.

Datadog Company 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.