Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the company’s stock after selling 367 shares during the period. Woodward Diversified Capital LLC’s holdings in Datadog were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in Datadog during the second quarter worth approximately $954,000. GAMMA Investing LLC raised its holdings in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares during the period. Atomi Financial Group Inc. acquired a new position in shares of Datadog during the 3rd quarter valued at about $441,000. CWM LLC grew its holdings in shares of Datadog by 69.1% in the third quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after purchasing an additional 4,229 shares during the period. Finally, Wedmont Private Capital increased its position in Datadog by 11.5% during the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock worth $243,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DDOG shares. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. BMO Capital Markets upped their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Truist Financial cut Datadog from a “buy” rating to a “hold” rating and cut their target price for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th. Rosenblatt Securities upped their price target on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, TD Cowen reissued a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.59.

Datadog Price Performance

Shares of DDOG stock opened at $142.65 on Friday. The company’s fifty day moving average price is $147.26 and its two-hundred day moving average price is $130.10. The firm has a market capitalization of $48.46 billion, a P/E ratio of 269.16, a P/E/G ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now directly owns 435,701 shares in the company, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 780,979 shares of company stock valued at $111,869,206. 11.78% of the stock is currently owned by insiders.

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.