Coldstream Capital Management Inc. Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Coldstream Capital Management Inc. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,024 shares of the company’s stock after acquiring an additional 369 shares during the period. Coldstream Capital Management Inc.’s holdings in Datadog were worth $467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SouthState Corp purchased a new stake in Datadog in the 2nd quarter valued at about $26,000. True Wealth Design LLC increased 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 purchasing an additional 240 shares during the period. Meeder Asset Management Inc. increased its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Quarry LP bought a new stake in Datadog during the 3rd quarter valued at $33,000. Finally, Blue Trust Inc. purchased a new stake in shares of Datadog in the 2nd quarter worth $37,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

NASDAQ DDOG opened at $153.03 on Friday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The stock’s fifty day moving average is $136.72 and its two-hundred day moving average is $123.89. The firm has a market capitalization of $51.99 billion, a P/E ratio of 288.74, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DDOG. Barclays lifted their price objective on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Sanford C. Bernstein cut their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Rosenblatt Securities boosted their price objective on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Truist Financial lifted their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.07.

Insider Activity

In related news, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the sale, the director now directly owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the transaction, the executive now directly owns 183,512 shares in the company, valued at $22,939,000. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 713,446 shares of company stock valued at $97,145,034. 11.78% of the stock is currently owned by insiders.

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.