Datadog, Inc. (NASDAQ:DDOG) Stock Holdings Lessened by Leibman Financial Services Inc.

Leibman Financial Services Inc. cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,488 shares of the company’s stock after selling 1,764 shares during the quarter. Datadog accounts for 1.7% of Leibman Financial Services Inc.’s portfolio, making the stock its 29th largest holding. Leibman Financial Services Inc.’s holdings in Datadog were worth $2,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DDOG. Holocene Advisors LP boosted its position in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Datadog by 1,597.9% in the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock worth $101,841,000 after buying an additional 739,011 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of Datadog in the third quarter worth approximately $52,561,000. Eagle Asset Management Inc. raised its holdings in shares of Datadog by 72.4% during the third quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after acquiring an additional 384,121 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Datadog by 129.2% in the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after acquiring an additional 344,431 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the sale, the president now owns 214,275 shares in the company, valued at $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The shares were 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 of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 609,763 shares of company stock valued at $87,543,649 in the last ninety days. Company insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.7 %

Shares of Datadog stock opened at $138.00 on Tuesday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company’s fifty day simple moving average is $145.08 and its 200-day simple moving average is $128.36. The company has a market cap of $46.88 billion, a price-to-earnings ratio of 260.38, a PEG ratio of 19.82 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DDOG shares. Truist Financial cut shares of Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $170.00 to $150.00 in a research report on Tuesday, January 7th. TD Cowen reissued a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Citigroup increased their price target on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group upped their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.46.

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.