Ballentine Partners LLC Trims Stake in Datadog, Inc. (NASDAQ:DDOG)

Ballentine Partners LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOGFree Report) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,102 shares of the company’s stock after selling 983 shares during the quarter. Ballentine Partners LLC’s holdings in Datadog were worth $443,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in shares of Datadog in the fourth quarter worth about $30,000. True Wealth Design LLC increased its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Datadog by 66.5% during 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 bought a new stake in Datadog during the 3rd quarter worth approximately $33,000. Finally, Kieckhefer Group LLC purchased a new position in Datadog during the fourth quarter valued at approximately $43,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent analyst reports. Loop Capital raised their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Mizuho raised their price target on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial downgraded Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the company from $170.00 to $150.00 in a research report on Tuesday, January 7th. DA Davidson increased their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Read Our Latest Research Report on Datadog

Insider Transactions at Datadog

In related news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 617,679 shares of company stock worth $88,668,671. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

Datadog stock opened at $140.20 on Friday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company’s 50-day moving average is $146.89 and its 200 day moving average is $128.74. The firm has a market capitalization of $47.63 billion, a P/E ratio of 264.53, a price-to-earnings-growth ratio of 16.09 and a beta of 1.14.

About Datadog

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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