Tobam Sells 5,274 Shares of Datadog, Inc. (NASDAQ:DDOG)

Tobam trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 49.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,315 shares of the company’s stock after selling 5,274 shares during the period. Tobam’s holdings in Datadog were worth $759,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DDOG. Sanctuary Advisors LLC acquired a new stake in Datadog in the second quarter worth $954,000. GAMMA Investing LLC boosted its position in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Datadog in the 3rd quarter valued at about $441,000. CWM LLC increased its position in Datadog by 69.1% in the 3rd quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after buying an additional 4,229 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Datadog by 11.5% during the 3rd quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock worth $243,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Cantor Fitzgerald started coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective for the company. Loop Capital lifted their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Rosenblatt Securities upped their price objective on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Guggenheim reiterated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein lowered their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. 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 given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $144.85 on Friday. The firm has a market capitalization of $49.21 billion, a PE ratio of 273.31, a P/E/G ratio of 16.59 and a beta of 1.15. The company has a 50-day moving average price of $147.41 and a two-hundred day moving average price of $130.00. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 780,979 shares of company stock worth $111,869,206. 11.78% of the stock is owned by corporate 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.