Sanctuary Advisors LLC Has $1.73 Million Stake in Datadog, Inc. (NASDAQ:DDOG)

Sanctuary Advisors LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 106.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,018 shares of the company’s stock after acquiring an additional 7,757 shares during the quarter. Sanctuary Advisors LLC’s holdings in Datadog were worth $1,728,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DDOG. Blue Trust Inc. bought a new stake in shares of Datadog during the second quarter valued at approximately $37,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Datadog in the 2nd quarter valued at $443,000. Fifth Third Bancorp raised its position in shares of Datadog by 11.4% during the second quarter. Fifth Third Bancorp now owns 2,110 shares of the company’s stock worth $274,000 after acquiring an additional 216 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Datadog by 1.5% during the second quarter. Atria Wealth Solutions Inc. now owns 12,049 shares of the company’s stock valued at $1,563,000 after acquiring an additional 179 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Datadog by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock valued at $3,177,000 after acquiring an additional 500 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

DDOG opened at $146.93 on Friday. The business’s 50-day simple moving average is $138.90 and its 200 day simple moving average is $124.84. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The firm has a market capitalization of $49.92 billion, a PE ratio of 277.23, a PEG ratio of 20.27 and a beta of 1.11.

Analysts Set New Price Targets

A number of research firms have issued reports on DDOG. BMO Capital Markets upped their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. 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 report on Friday, November 8th. BNP Paribas began coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. UBS Group reiterated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Finally, Macquarie started coverage on Datadog in a research report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.56.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 15,832 shares of Datadog stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the transaction, the director now owns 459,449 shares in the company, valued at approximately $55,143,068.98. This trade represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. This represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 721,362 shares of company stock worth $98,373,993 in the last 90 days. Corporate insiders own 11.78% of the company’s stock.

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.