Gladstone Institutional Advisory LLC Purchases Shares of 5,967 Datadog, Inc. (NASDAQ:DDOG)

Gladstone Institutional Advisory LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,967 shares of the company’s stock, valued at approximately $853,000.

Several other hedge funds also recently modified their holdings of DDOG. CWM LLC increased its holdings in Datadog by 69.1% during the 3rd 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 in the last quarter. Inspire Investing LLC grew its holdings in shares of Datadog by 22.0% during the third quarter. Inspire Investing LLC now owns 2,484 shares of the company’s stock worth $286,000 after purchasing an additional 448 shares during the last quarter. Creative Planning increased its stake in shares of Datadog by 17.6% in the third quarter. Creative Planning now owns 17,141 shares of the company’s stock valued at $1,972,000 after buying an additional 2,563 shares in the last quarter. Swedbank AB raised its holdings in shares of Datadog by 3.2% in the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock valued at $12,739,000 after buying an additional 3,483 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in Datadog by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 11,629 shares of the company’s stock worth $1,338,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Mizuho raised their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein reduced their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Wells Fargo & Company cut Datadog from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $152.00 to $140.00 in a research note on Thursday. Finally, Truist Financial downgraded Datadog from a “buy” rating to a “hold” rating and dropped their target price for the stock from $170.00 to $150.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.17.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 627,586 shares of company stock worth $92,540,479 over the last ninety days. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $135.89 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a market cap of $46.16 billion, a P/E ratio of 256.40, a P/E/G ratio of 16.83 and a beta of 1.15. The stock’s 50-day moving average is $146.40 and its 200-day moving average is $130.89.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. Equities analysts anticipate that Datadog, Inc. will post 0.53 EPS for the current year.

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.