Northside Capital Management LLC Acquires 1,684 Shares of Datadog, Inc. (NASDAQ:DDOG)

Northside Capital Management LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,992 shares of the company’s stock after purchasing an additional 1,684 shares during the period. Datadog accounts for about 1.3% of Northside Capital Management LLC’s portfolio, making the stock its 17th largest position. Northside Capital Management LLC’s holdings in Datadog were worth $4,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Quarry LP acquired a new position in shares of Datadog during the third quarter valued at $33,000. American National Bank & Trust bought a new position in Datadog in the third quarter valued at about $39,000. Finally, Kieckhefer Group LLC acquired a new stake in Datadog in the fourth quarter worth about $43,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BNP Paribas started coverage on shares of Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, November 7th. Sanford C. Bernstein cut their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, TD Cowen restated a “buy” rating and set a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.97.

Insider Buying and Selling at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 195,667 shares in the company, valued at approximately $27,612,527.04. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 609,763 shares of company stock worth $87,543,649 over the last ninety days. 11.78% of the stock is currently owned by corporate insiders.

Datadog Trading Up 1.3 %

Shares of DDOG stock opened at $140.95 on Thursday. 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 $47.88 billion, a P/E ratio of 265.95, a PEG ratio of 16.31 and a beta of 1.14. The firm’s fifty day moving average price is $145.36 and its two-hundred day moving average price is $128.42.

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.