Friedenthal Financial Invests $54,000 in Datadog, Inc. (NASDAQ:DDOG)

Friedenthal Financial purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 381 shares of the company’s stock, valued at approximately $54,000.

Other large investors have also recently bought and sold shares of the company. Cooper Financial Group grew its position in shares of Datadog by 10.5% in the fourth quarter. Cooper Financial Group now owns 1,996 shares of the company’s stock valued at $285,000 after purchasing an additional 189 shares during the last quarter. Wedmont Private Capital boosted its stake in Datadog by 8.3% in the 4th quarter. Wedmont Private Capital now owns 2,149 shares of the company’s stock valued at $302,000 after purchasing an additional 164 shares during the period. Kieckhefer Group LLC bought a new position in Datadog during the 4th quarter worth $43,000. Green Alpha Advisors LLC lifted its holdings in shares of Datadog by 18.3% during the fourth quarter. Green Alpha Advisors LLC now owns 3,301 shares of the company’s stock worth $472,000 after buying an additional 511 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Datadog by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,883 shares of the company’s stock worth $1,698,000 after buying an additional 137 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DDOG. Mizuho lifted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital lifted their price target 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. Jefferies Financial Group increased their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday, November 7th. Finally, Rosenblatt Securities raised their price target on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $157.46.

Datadog Price Performance

NASDAQ:DDOG opened at $138.00 on Tuesday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a market cap of $46.88 billion, a PE ratio of 260.38, a P/E/G ratio of 19.82 and a beta of 1.14. The firm’s 50 day simple moving average is $145.08 and its 200 day simple moving average is $128.36.

Insider Activity

In related news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares in the company, valued at $27,612,527.04. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 609,763 shares of company stock valued at $87,543,649. Insiders own 11.78% of the company’s stock.

Datadog Company 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.