Values First Advisors Inc. Sells 1,655 Shares of Datadog, Inc. (NASDAQ:DDOG)

Values First Advisors Inc. trimmed its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,049 shares of the company’s stock after selling 1,655 shares during the quarter. Values First Advisors Inc.’s holdings in Datadog were worth $864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Legato Capital Management LLC bought a new stake in Datadog during the 4th quarter worth approximately $1,858,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of Datadog in the fourth quarter worth $853,000. Weatherly Asset Management L. P. bought a new stake in shares of Datadog during the 4th quarter valued at $239,000. Summit Trail Advisors LLC boosted its holdings in Datadog by 0.4% in the 4th quarter. Summit Trail Advisors LLC now owns 137,502 shares of the company’s stock worth $19,648,000 after buying an additional 502 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Datadog by 1.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,530 shares of the company’s stock worth $1,648,000 after buying an additional 117 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DDOG. Loop Capital boosted their price objective on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. TD Cowen reiterated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. BMO Capital Markets lifted their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Finally, Royal Bank of Canada boosted their price target on shares of Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.10.

Datadog Price Performance

DDOG stock opened at $145.42 on Wednesday. The firm has a market cap of $49.40 billion, a price-to-earnings ratio of 274.38, a PEG ratio of 16.83 and a beta of 1.15. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The firm has a fifty day moving average price of $146.75 and a two-hundred day moving average price of $130.77.

Insider Buying and Selling at Datadog

In related news, President Amit Agarwal sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares of the company’s stock, valued at $27,005,078.25. This trade represents a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 777,586 shares of company stock worth $111,444,979 over the last ninety days. Company insiders own 11.78% of the company’s stock.

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.