Financial Counselors Inc. Has $4.56 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Financial Counselors Inc. cut its holdings in Datadog, Inc. (NASDAQ:DDOG) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,645 shares of the company’s stock after selling 3,977 shares during the period. Financial Counselors Inc.’s holdings in Datadog were worth $4,562,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. B. Riley Wealth Advisors Inc. increased its holdings in Datadog by 37.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,398 shares of the company’s stock valued at $420,000 after buying an additional 932 shares during the period. Comerica Bank raised its position in Datadog by 2.2% during the first quarter. Comerica Bank now owns 36,509 shares of the company’s stock valued at $4,513,000 after purchasing an additional 774 shares in the last quarter. Virtu Financial LLC bought a new stake in Datadog during the first quarter worth $497,000. Swedbank AB bought a new stake in Datadog during the first quarter worth $12,912,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Datadog by 150.1% in the 1st quarter. Cetera Investment Advisers now owns 33,880 shares of the company’s stock valued at $4,188,000 after purchasing an additional 20,336 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 1.6 %

NASDAQ DDOG opened at $151.96 on Friday. The stock’s 50-day moving average price is $127.47 and its 200-day moving average price is $121.02. The company has a market capitalization of $51.62 billion, a P/E ratio of 286.72, a price-to-earnings-growth ratio of 20.50 and a beta of 1.10. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $157.48.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 33,334 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total value of $4,531,757.30. Following the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $42,709,780.10. The trade was a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of Datadog stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 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 three months, insiders have sold 541,491 shares of company stock valued at $68,927,496. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DDOG shares. Needham & Company LLC lowered their target price on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Sanford C. Bernstein lowered their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Rosenblatt Securities increased their price objective on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank decreased their target price on shares of 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, Barclays increased their price target on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.96.

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.