Green Alpha Advisors LLC Acquires 511 Shares of Datadog, Inc. (NASDAQ:DDOG)

Green Alpha Advisors LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,301 shares of the company’s stock after purchasing an additional 511 shares during the period. Green Alpha Advisors LLC’s holdings in Datadog were worth $472,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. True Wealth Design LLC lifted its position 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 buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Datadog by 66.5% in 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 in the last quarter. Quarry LP acquired a new stake in Datadog in the 3rd quarter worth approximately $33,000. American National Bank & Trust bought a new stake in Datadog during the third quarter worth approximately $39,000. Finally, ORG Wealth Partners LLC acquired a new position in Datadog during the third quarter valued at approximately $44,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Shares of DDOG stock opened at $140.42 on Monday. The stock’s fifty day simple moving average is $144.83 and its 200 day simple moving average is $128.29. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a market cap of $47.70 billion, a price-to-earnings ratio of 264.95, a P/E/G ratio of 19.82 and a beta of 1.11.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the transaction, the director now owns 451,533 shares in the company, valued at approximately $57,195,685.11. The trade was a 1.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 465,574 shares of company stock valued at $67,069,872. 11.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DDOG has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $157.46.

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.