Linden Thomas Advisory Services LLC Has $1.69 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Linden Thomas Advisory Services LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,854 shares of the company’s stock after purchasing an additional 852 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Datadog were worth $1,694,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DDOG. Holocene Advisors LP increased its stake in shares of Datadog by 205.2% in 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 period. Champlain Investment Partners LLC bought a new stake in shares of Datadog in the 3rd quarter valued at $52,561,000. Eagle Asset Management Inc. increased its position in shares of Datadog by 72.4% during the third 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 period. Robeco Institutional Asset Management B.V. raised its stake in Datadog by 51.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock worth $69,985,000 after buying an additional 206,696 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Datadog by 55.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 355,866 shares of the company’s stock valued at $50,850,000 after buying an additional 126,952 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $140.99 on Friday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company 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. The business has a fifty day moving average price of $147.36 and a two-hundred day moving average price of $128.88.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DDOG shares. Stifel Nicolaus increased their price target on Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Cantor Fitzgerald started coverage on Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price for the company. Jefferies Financial Group increased their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays lifted their price objective on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, BNP Paribas started coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.45.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now directly owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 642,679 shares of company stock valued at $92,155,421. 11.78% of the stock is 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.