Toth Financial Advisory Corp Has $339,000 Holdings in Datadog, Inc. (NASDAQ:DDOG)

Toth Financial Advisory Corp lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 11,750.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,370 shares of the company’s stock after purchasing an additional 2,350 shares during the quarter. Toth Financial Advisory Corp’s holdings in Datadog were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Holocene Advisors LP boosted its position in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in Datadog in the 3rd quarter worth about $52,561,000. Eagle Asset Management Inc. boosted its stake in shares of Datadog by 72.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after buying an additional 384,121 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Datadog by 51.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after acquiring an additional 206,696 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Datadog by 55.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 355,866 shares of the company’s stock worth $50,850,000 after acquiring an additional 126,952 shares during the period. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DDOG shares. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their target price on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Truist Financial cut Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $170.00 to $150.00 in a research report on Tuesday, January 7th. Cantor Fitzgerald began coverage on Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $140.99 on Friday. The business has a 50 day simple moving average of $147.36 and a two-hundred day simple moving average of $128.88. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a market capitalization of $47.90 billion, a PE ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14.

Insider Activity

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value 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 represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,679 shares of company stock worth $92,155,421. Insiders own 11.78% of the company’s stock.

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.