Janney Montgomery Scott LLC Has $888,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

Janney Montgomery Scott LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,214 shares of the company’s stock after acquiring an additional 764 shares during the period. Janney Montgomery Scott LLC’s holdings in Datadog were worth $888,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DDOG. Sanctuary Advisors LLC acquired a new position in Datadog in the 2nd quarter valued at approximately $954,000. GAMMA Investing LLC grew its position in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the period. Atomi Financial Group Inc. bought a new position in Datadog during the third quarter worth about $441,000. CWM LLC raised its holdings in shares of Datadog by 69.1% during the third quarter. CWM LLC now owns 10,347 shares of the company’s stock worth $1,190,000 after acquiring an additional 4,229 shares during the period. Finally, Wedmont Private Capital grew its stake in shares of Datadog by 11.5% during the 3rd quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock worth $243,000 after acquiring an additional 205 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

DDOG opened at $144.85 on Friday. 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 $49.21 billion, a price-to-earnings ratio of 273.31, a PEG ratio of 16.59 and a beta of 1.15. The business’s fifty day simple moving average is $147.41 and its 200-day simple moving average is $130.00.

Analyst Ratings Changes

Several equities research analysts have recently commented on DDOG shares. DA Davidson increased their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird boosted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Loop Capital lifted their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank reduced their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.59.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now directly owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares in the company, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 780,979 shares of company stock valued at $111,869,206. 11.78% of the stock is currently owned by insiders.

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.