Circle Wealth Management LLC Buys 3,317 Shares of Datadog, Inc. (NASDAQ:DDOG)

Circle Wealth Management LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 84.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,230 shares of the company’s stock after purchasing an additional 3,317 shares during the quarter. Circle Wealth Management LLC’s holdings in Datadog were worth $832,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after acquiring an additional 331,808 shares during the period. 1832 Asset Management L.P. raised its position in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after acquiring an additional 138,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after acquiring an additional 46,746 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Datadog by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock worth $135,377,000 after purchasing an additional 29,404 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the transaction, the chief executive officer now directly owns 392,111 shares in the company, valued at approximately $48,076,729.71. This represents a 17.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Sean Michael Walters sold 4,244 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,491 shares of company stock valued at $68,927,496. Insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. DA Davidson lifted their price objective on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Needham & Company LLC dropped their price objective on shares of Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Scotiabank lowered their price objective 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, Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Stock Performance

NASDAQ:DDOG opened at $152.75 on Friday. The stock has a market capitalization of $51.89 billion, a price-to-earnings ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $157.48. The stock has a fifty day moving average price of $128.23 and a two-hundred day moving average price of $121.26.

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.