Integrated Wealth Concepts LLC Sells 458 Shares of Datadog, Inc. (NASDAQ:DDOG)

Integrated Wealth Concepts LLC reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,735 shares of the company’s stock after selling 458 shares during the period. Integrated Wealth Concepts LLC’s holdings in Datadog were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DDOG. Jennison Associates LLC grew its holdings in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after buying an additional 331,808 shares during the period. 1832 Asset Management L.P. increased its position in shares of Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after buying an additional 138,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after buying an additional 46,746 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after buying an additional 1,097,815 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, Director Shardul Shah sold 15,832 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 459,449 shares in the company, valued at $55,143,068.98. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 150,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now owns 214,275 shares in the company, valued at approximately $27,005,078.25. This trade represents a 41.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 543,979 shares of company stock worth $69,320,699. Company insiders own 11.78% of the company’s stock.

Datadog Stock Down 4.4 %

DDOG opened at $161.19 on Tuesday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The business has a 50 day moving average of $133.71 and a 200-day moving average of $122.99. The stock has a market cap of $54.76 billion, a price-to-earnings ratio of 304.13, a PEG ratio of 21.85 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DDOG. BMO Capital Markets increased their price target on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays raised their target price on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird upped their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, November 7th. Finally, DA Davidson upped their target price on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.19.

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.