Venturi Wealth Management LLC Sells 90 Shares of Datadog, Inc. (NASDAQ:DDOG)

Venturi Wealth Management LLC trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 777 shares of the company’s stock after selling 90 shares during the quarter. Venturi Wealth Management LLC’s holdings in Datadog were worth $89,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DDOG. Baader Bank Aktiengesellschaft increased its position in shares of Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after buying an additional 77 shares during the period. GAMMA Investing LLC lifted its stake in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after purchasing an additional 95 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Datadog by 1.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after purchasing an additional 103 shares in the last quarter. Finally, WR Wealth Planners LLC increased its holdings in shares of Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 2.3 %

Shares of DDOG stock opened at $131.43 on Friday. The firm has a market capitalization of $44.31 billion, a price-to-earnings ratio of 247.98, a PEG ratio of 18.45 and a beta of 1.10. The stock has a fifty day moving average of $120.42 and a 200 day moving average of $119.46. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $138.61.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DDOG. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Robert W. Baird lifted their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.96.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 85,637 shares of the 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 completion of the transaction, the chief executive officer now directly owns 392,111 shares of the company’s stock, valued at $48,076,729.71. This represents a 17.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 9,256 shares of Datadog stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the sale, the director now directly owns 48,411 shares in the company, valued at approximately $5,230,808.55. The trade was a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 320,579 shares of company stock worth $40,386,541. 11.78% of the stock is currently owned by corporate insiders.

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.