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

Woodward Diversified Capital LLC trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 6.5% in the fourth quarter, Holdings Channel.com reports. 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 and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in Datadog during the fourth quarter valued at $168,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Datadog by 79.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,114 shares of the company’s stock valued at $9,018,000 after buying an additional 27,890 shares during the period. YANKCOM Partnership bought a new stake in shares of Datadog during the 4th quarter valued at about $118,000. Choreo LLC grew its position in shares of Datadog by 12.7% during the 4th quarter. Choreo LLC now owns 4,892 shares of the company’s stock valued at $704,000 after buying an additional 552 shares during the last quarter. Finally, Nvwm LLC raised its stake in Datadog by 2.5% during the fourth quarter. Nvwm LLC now owns 10,007 shares of the company’s stock worth $1,430,000 after acquiring an additional 244 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DDOG. Rosenblatt Securities upped their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Macquarie initiated coverage on Datadog in a research note on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective for the company. Royal Bank of Canada raised their target price on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. TD Cowen restated a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Finally, 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 report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.59.

Insider Activity

In related news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 780,979 shares of company stock worth $111,869,206. 11.78% of the stock is owned by corporate insiders.

Datadog Price Performance

Datadog stock opened at $142.65 on Friday. The firm’s 50 day simple moving average is $147.26 and its 200-day simple moving average is $130.10. The company has a market cap of $48.46 billion, a P/E ratio of 269.16, a price-to-earnings-growth ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08.

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.