Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 29.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,188 shares of the company’s stock after selling 3,410 shares during the period. Diversified Trust Co’s holdings in Datadog were worth $1,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of 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 buying an additional 115 shares during the last quarter. Quarry LP acquired a new stake in Datadog during the 3rd quarter worth $33,000. American National Bank & Trust purchased a new stake in Datadog in the third quarter valued at $39,000. Finally, ORG Wealth Partners LLC acquired a new position in Datadog in the third quarter valued at $44,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Up 0.3 %

Shares of NASDAQ DDOG opened at $141.88 on Thursday. The firm has a 50-day moving average price of $144.16 and a 200 day moving average price of $127.94. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 267.70, a price-to-earnings-growth ratio of 20.27 and a beta of 1.14.

Wall Street Analyst Weigh In

DDOG has been the subject of several research reports. Rosenblatt Securities boosted their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. DA Davidson raised their target price on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BNP Paribas started coverage on shares of Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.46.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 3,393 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 626,012 shares of company stock valued at $87,854,652. Corporate insiders own 11.78% of the company’s stock.

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.