Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,307 shares of the company’s stock after selling 873 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Datadog were worth $1,044,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DDOG. Envestnet Asset Management Inc. increased its holdings in shares of Datadog by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 356,011 shares of the company’s stock valued at $46,171,000 after acquiring an additional 26,431 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Datadog by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 306,402 shares of the company’s stock worth $39,735,000 after purchasing an additional 29,890 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Datadog by 156.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,208 shares of the company’s stock valued at $1,196,000 after purchasing an additional 5,615 shares during the last quarter. Amalgamated Bank raised its stake in Datadog by 6.5% during the second quarter. Amalgamated Bank now owns 20,202 shares of the company’s stock worth $2,620,000 after acquiring an additional 1,236 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Datadog by 3.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,423 shares of the company’s stock worth $1,999,000 after purchasing an additional 486 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 1.2 %

DDOG stock opened at $138.40 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a 50-day moving average of $145.75 and a two-hundred day moving average of $128.57. The firm has a market capitalization of $47.02 billion, a PE ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14.

Insider Activity

In other news, CRO Sean Michael Walters sold 4,244 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total value of $572,940.00. Following the completion of the sale, the executive now directly owns 179,367 shares of the company’s stock, valued at $24,214,545. This represents a 2.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,679 shares of company stock worth $88,668,671 over the last 90 days. 11.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DDOG. Barclays boosted their price target on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Macquarie assumed coverage on Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective for the company. Mizuho increased their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Scotiabank cut their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.45.

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.