Stratos Wealth Partners LTD. Purchases 248 Shares of Datadog, Inc. (NASDAQ:DDOG)

Stratos Wealth Partners LTD. raised its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,892 shares of the company’s stock after acquiring an additional 248 shares during the period. Stratos Wealth Partners LTD.’s holdings in Datadog were worth $556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Holocene Advisors LP boosted its position in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of Datadog in the third quarter worth $52,561,000. Eagle Asset Management Inc. increased its position in Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after acquiring an additional 384,121 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Datadog by 51.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after purchasing an additional 206,696 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $145.42 on Wednesday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market capitalization of $49.40 billion, a P/E ratio of 274.38, a P/E/G ratio of 16.83 and a beta of 1.15. The company’s 50 day simple moving average is $146.95 and its 200 day simple moving average is $130.58.

Insider Buying and Selling at Datadog

In related news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the sale, the president now owns 214,275 shares in the company, valued at $27,005,078.25. This represents a 41.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 33,334 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total value of $4,531,757.30. Following the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at $42,709,780.10. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 777,586 shares of company stock worth $111,444,979. Insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DDOG shares. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Macquarie reiterated an “outperform” rating and set a $200.00 target price on shares of Datadog in a research report on Tuesday. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, November 7th. Finally, Sanford C. Bernstein lowered their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.10.

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.