Merit Financial Group LLC Purchases Shares of 2,402 Datadog, Inc. (NASDAQ:DDOG)

Merit Financial Group LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,402 shares of the company’s stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Datadog by 66.5% in the third 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 position in Datadog in the 3rd quarter valued at about $33,000. American National Bank & Trust acquired a new position in Datadog during the 3rd quarter valued at about $39,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Datadog during the 4th quarter worth about $43,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

Shares of DDOG opened at $140.99 on Friday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The company has a market capitalization of $47.90 billion, a PE ratio of 266.02, a PEG ratio of 16.28 and a beta of 1.14. The company’s 50 day moving average price is $147.06 and its 200 day moving average price is $128.82.

Analyst Ratings Changes

Several research analysts have recently issued reports on DDOG shares. BMO Capital Markets increased their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. DA Davidson upped their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their target price on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.45.

Get Our Latest Report on Datadog

Insider Activity

In other news, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the sale, the director now directly owns 195,667 shares in the company, valued at $27,289,676.49. The trade was a 11.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 642,679 shares of company stock worth $92,155,421 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Datadog Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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