Toth Financial Advisory Corp Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Toth Financial Advisory Corp increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 11,750.0% during the 4th quarter, Holdings Channel reports. The fund owned 2,370 shares of the company’s stock after purchasing an additional 2,350 shares during the quarter. Toth Financial Advisory Corp’s holdings in Datadog were worth $339,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Pathstone Holdings LLC lifted its position in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after acquiring an additional 91 shares during the last quarter. GAMMA Investing LLC increased its position in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Hudock Inc. increased its position in Datadog by 3.3% in the 3rd quarter. Hudock Inc. now owns 3,596 shares of the company’s stock valued at $414,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DDOG shares. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Rosenblatt Securities raised their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird lifted their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Mizuho boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Macquarie assumed coverage on Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $158.45.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the sale, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 642,679 shares of company stock worth $92,155,421. Company insiders own 11.78% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $140.99 on Friday. The firm has a market capitalization of $47.90 billion, a price-to-earnings ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The company has a 50 day simple moving average of $147.36 and a 200-day simple moving average of $128.88. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

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.