Curated Wealth Partners LLC lowered its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 95.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,361 shares of the company’s stock after selling 198,151 shares during the period. Curated Wealth Partners LLC’s holdings in Datadog were worth $2,564,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. EMC Capital Management acquired a new stake in Datadog in the second quarter valued at about $28,000. Cornerstone Financial Management LLC boosted its holdings in shares of Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Datadog by 341.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Finally, Armstrong Advisory Group Inc. bought a new position in Datadog in the third quarter valued at about $46,000. 78.29% of the stock is currently owned by institutional investors.
Datadog Stock Performance
Shares of NASDAQ DDOG traded down $6.25 during mid-day trading on Thursday, reaching $263.08. 1,318,766 shares of the company’s stock were exchanged, compared to its average volume of 5,153,365. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market capitalization of $94.47 billion, a price-to-earnings ratio of 537.13, a price-to-earnings-growth ratio of 27.65 and a beta of 1.51. The firm has a 50-day moving average price of $245.68 and a two-hundred day moving average price of $220.01. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68.
Insider Buying and Selling at Datadog
In other news, General Counsel Kerry Acocella sold 5,280 shares of Datadog stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the sale, the general counsel directly owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. The trade was a 4.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total value of $2,810,002.00. Following the completion of the sale, the insider directly owned 250,446 shares of the company’s stock, valued at approximately $55,413,681.96. This represents a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 in the last ninety days. Insiders own 6.48% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on DDOG shares. Weiss Ratings raised shares of Datadog from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. UBS Group lowered their price target on shares of Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 7th. Citizens Jmp boosted their target price on shares of Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Zacks Research cut shares of Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, BTIG Research boosted their price target on Datadog from $255.00 to $289.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $281.18.
View Our Latest Stock Analysis on DDOG
Datadog Company Profile
Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.
The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.
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