Datadog, Inc. (NASDAQ:DDOG) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,013 shares of the company’s stock after selling 588 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Datadog were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its holdings in Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after purchasing an additional 24,574 shares during the last quarter. Heritage Investors Management Corp acquired a new position in Datadog in the third quarter valued at approximately $1,157,000. Bank of Montreal Can increased its stake in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after acquiring an additional 344,431 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Datadog by 23.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock valued at $19,635,000 after purchasing an additional 32,217 shares during the period. Finally, Future Fund LLC acquired a new position in shares of Datadog in the 3rd quarter valued at $1,141,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Datadog stock opened at $154.83 on Friday. The stock has a market cap of $52.60 billion, a PE ratio of 292.13, a P/E/G ratio of 17.46 and a beta of 1.10. The stock’s fifty day moving average is $124.21 and its two-hundred day moving average is $119.98. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $155.42.

Insider Activity

In other Datadog news, President Amit Agarwal sold 150,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares in the company, valued at $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now directly owns 179,367 shares in the company, valued at approximately $24,214,545. The trade was a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 541,491 shares of company stock worth $68,927,496. 11.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. Sanford C. Bernstein decreased their price objective 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. Citigroup lifted their target price on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC decreased their price target on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

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.