Wilmington Savings Fund Society FSB Has $733,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Wilmington Savings Fund Society FSB reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,130 shares of the company’s stock after selling 299 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Datadog were worth $733,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DDOG. GAMMA Investing LLC grew its stake in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the last quarter. CWM LLC boosted its holdings in shares of Datadog by 69.1% during the third quarter. CWM LLC now owns 10,347 shares of the company’s stock worth $1,190,000 after acquiring an additional 4,229 shares during the period. Wedmont Private Capital grew its position in shares of Datadog by 11.5% in the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock valued at $243,000 after purchasing an additional 205 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Datadog by 297.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,187 shares of the company’s stock worth $252,000 after purchasing an additional 1,637 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Datadog by 47.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 6,614 shares of the company’s stock worth $761,000 after purchasing an additional 2,136 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Up 3.1 %

Shares of DDOG stock opened at $147.10 on Tuesday. The stock’s fifty day simple moving average is $147.06 and its 200 day simple moving average is $130.39. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The firm has a market capitalization of $49.97 billion, a P/E ratio of 277.55, a P/E/G ratio of 16.83 and a beta of 1.15.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at approximately $45,861,901.38. The trade was a 28.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Agarwal sold 150,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the sale, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This trade represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 777,586 shares of company stock valued at $111,444,979 over the last quarter. 11.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DDOG. Mizuho upped their price objective on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Macquarie assumed coverage on shares of Datadog in a research note on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald started coverage on shares of Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.10.

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.