Atomi Financial Group Inc. Acquires 2,709 Shares of Datadog, Inc. (NASDAQ:DDOG)

Atomi Financial Group Inc. grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 70.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,541 shares of the company’s stock after acquiring an additional 2,709 shares during the period. Atomi Financial Group Inc.’s holdings in Datadog were worth $935,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in Datadog in the fourth quarter worth $30,000. True Wealth Design LLC boosted its stake in shares of 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 acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Quarry LP bought a new position in shares of Datadog in the 3rd quarter valued at approximately $33,000. Finally, Kieckhefer Group LLC acquired a new stake in Datadog in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DDOG shares. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets increased their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.

Datadog Price Performance

Shares of Datadog stock opened at $140.12 on Thursday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The company has a market capitalization of $47.60 billion, a price-to-earnings ratio of 264.38, a P/E/G ratio of 16.31 and a beta of 1.14. The business has a fifty day simple moving average of $146.65 and a two-hundred day simple moving average of $128.66.

Insider Activity at Datadog

In related news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the sale, the president now owns 214,275 shares of the company’s stock, valued at $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 617,679 shares of company stock worth $88,668,671. Company insiders own 11.78% of the company’s stock.

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.