GAMMA Investing LLC Increases Holdings in Datadog, Inc. (NASDAQ:DDOG)

GAMMA Investing LLC grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 790 shares of the company’s stock after acquiring an additional 227 shares during the period. GAMMA Investing LLC’s holdings in Datadog were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC lifted its position 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 valued at $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Quarry LP bought a new stake in shares of Datadog in the third quarter worth about $33,000. American National Bank & Trust bought a new stake in shares of Datadog in the third quarter worth about $39,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Datadog in the third quarter worth about $44,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson lifted their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. TD Cowen reaffirmed a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $157.46.

Datadog Stock Down 1.0 %

Datadog stock opened at $140.42 on Friday. The business has a fifty day moving average of $144.83 and a two-hundred day moving average of $128.19. The firm has a market cap of $47.70 billion, a P/E ratio of 264.95, a P/E/G ratio of 20.27 and a beta of 1.14. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

Insiders Place Their Bets

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Agarwal sold 25,000 shares of the stock in a transaction dated 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 directly owns 195,667 shares in the company, valued at $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 592,679 shares of company stock worth $83,508,362 over the last 90 days. Company insiders own 11.78% of the company’s stock.

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.