13,000 Shares in Datadog, Inc. (NASDAQ:DDOG) Acquired by Legato Capital Management LLC

Legato Capital Management LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, Holdings Channel.com reports. The fund bought 13,000 shares of the company’s stock, valued at approximately $1,858,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gladstone Institutional Advisory LLC purchased a new stake in shares of Datadog in the 4th quarter valued at approximately $853,000. Weatherly Asset Management L. P. acquired a new stake in Datadog during the 4th quarter valued at $239,000. Summit Trail Advisors LLC lifted its holdings in shares of Datadog by 0.4% in the fourth quarter. Summit Trail Advisors LLC now owns 137,502 shares of the company’s stock valued at $19,648,000 after purchasing an additional 502 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Datadog by 1.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 11,530 shares of the company’s stock worth $1,648,000 after buying an additional 117 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in shares of Datadog during the fourth quarter valued at $765,000. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DDOG shares. Robert W. Baird increased their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and decreased their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Rosenblatt Securities boosted their price objective on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Truist Financial downgraded shares of Datadog from a “buy” rating to a “hold” rating and lowered their price objective for the company from $170.00 to $150.00 in a research report on Tuesday, January 7th. Finally, Scotiabank lowered their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.10.

Datadog Price Performance

NASDAQ:DDOG opened at $145.42 on Wednesday. The stock has a market cap of $49.40 billion, a P/E ratio of 274.38, a PEG ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The company has a fifty day moving average price of $146.75 and a 200 day moving average price of $130.77.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the transaction, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 777,586 shares of company stock worth $111,444,979 in the last ninety days. 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.