Weatherly Asset Management L. P. Invests $239,000 in Datadog, Inc. (NASDAQ:DDOG)

Weatherly Asset Management L. P. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,670 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Trail Advisors LLC grew its position in shares of Datadog by 0.4% in the 4th quarter. Summit Trail Advisors LLC now owns 137,502 shares of the company’s stock valued at $19,648,000 after buying an additional 502 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Datadog by 1.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,530 shares of the company’s stock valued at $1,648,000 after buying an additional 117 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Datadog in the 4th quarter valued at about $765,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Datadog in the 4th quarter valued at about $168,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Datadog by 79.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,114 shares of the company’s stock valued at $9,018,000 after purchasing an additional 27,890 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction that occurred 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 transaction, the president now directly owns 214,275 shares in the company, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 777,586 shares of company stock worth $111,444,979. Insiders own 11.78% of the company’s stock.

Datadog Trading Up 3.1 %

DDOG stock opened at $147.10 on Tuesday. The company’s 50 day moving average is $147.06 and its 200 day moving average is $130.39. The stock has a market cap of $49.97 billion, a price-to-earnings ratio of 277.55, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent analyst reports. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Barclays boosted their price objective on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird upped their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets upped their price target on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. 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 company. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average target price of $158.10.

About Datadog

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.