Sanctuary Advisors LLC Has $1.73 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Sanctuary Advisors LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 106.8% during the third quarter, Holdings Channel reports. The institutional investor owned 15,018 shares of the company’s stock after buying an additional 7,757 shares during the period. Sanctuary Advisors LLC’s holdings in Datadog were worth $1,728,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DDOG. Los Angeles Capital Management LLC lifted its holdings in shares of Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares in the last quarter. Heritage Investors Management Corp acquired a new stake in Datadog in the 3rd quarter worth about $1,157,000. Atom Investors LP bought a new stake in Datadog in the 3rd quarter valued at about $1,112,000. Jennison Associates LLC boosted its holdings in Datadog by 2.1% in the 3rd 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. Finally, Parnassus Investments LLC grew its position in shares of Datadog by 28.4% during the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock worth $21,324,000 after purchasing an additional 40,952 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $146.93 on Friday. The company has a 50 day simple moving average of $138.90 and a 200 day simple moving average of $124.84. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a market cap of $49.92 billion, a PE ratio of 277.23, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 459,449 shares of the company’s stock, valued at $55,143,068.98. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 721,362 shares of company stock worth $98,373,993. Company insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDOG. DA Davidson boosted their price target on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Truist Financial upped their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Finally, Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.56.

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.