Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,775 shares of the company’s stock after selling 22,325 shares during the period. Zweig DiMenna Associates LLC’s holdings in Datadog were worth $12,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new stake in Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC grew its position in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC grew its position in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Datadog during the third quarter worth about $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Truist Financial downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 7th. Stifel Nicolaus upped their price objective on shares of Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.

Datadog Stock Up 1.3 %

Shares of DDOG stock opened at $142.09 on Friday. The firm has a market cap of $48.27 billion, a price-to-earnings ratio of 268.10, a PEG ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a 50-day moving average price of $146.89 and a 200 day moving average price of $128.74.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 617,679 shares of company stock worth $88,668,671. 11.78% of the stock is currently owned by company insiders.

Datadog Company 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.